GST demand notice for Rs 31.08 lakh received for FY 2022-23

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FLAIR · price

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Price reactionminutes from the announcement price · days from the prior close

-0.3%Reaction day

₹231.00

prior close

₹232.00

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-0.3%+0.0% vs market

Stationary peers, median of 8sector-0.6%+0.4% vs sector

On the reaction day the stock moved in line with Nifty Microcap 250 and 0.4 pts more than its Stationary peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

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10m

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15m

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30m

-0.6

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-0.3-0.3+0.0-0.6+0.4

Next day

-1.0-1.5+0.6-1.9+0.9

-2.6-1.5-1.0-0.9-1.7

-1.3-0.2-1.1-0.9-0.5

-1.4-0.5-0.9-2.3+0.9

-3.9-3.2-0.6-4.1+0.2

-0.9-2.2+1.3-1.8+0.9

15d

-4.1-9.5+5.3-4.6+0.5

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UpDownMarket · Nifty Microcap 250Sector · Stationary peers, median of 8Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Flair Writing Industries received a demand cum show cause notice from the CGST authority in Valsad for FY 2022-23, raising a tax demand of Rs 31,07,837 (about Rs 31.08 lakh). No penalty, interest or fee has been levied yet under the notice. The company will file a reply contesting the demand and states there is no material impact on its financials or operations.

Likely market impact

Minor tax demand of about Rs 31 lakh. Company will contest. No material impact on operations or financials as per management.