G R Infraprojects receives GST show cause notice

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GRINFRA · price

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

-0.8%Reaction day

₹905.10

prior close

₹898.30

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-0.2%-0.6% vs market

Civil Construction peers, median of 98sector-0.7%-0.1% vs sector

On the reaction day the stock moved 0.6 pts less than Nifty Microcap 250 and 0.1 pts less than its Civil Construction 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

-0.8

10m

-0.9

15m

-1.0

30m

-1.4

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-0.8-0.2-0.6-0.7-0.1

Next day

-2.1+0.1-2.1-0.8-1.3

-3.7+0.4-4.1-1.2-2.5

-2.5-0.6-1.9-2.0-0.5

-2.8-1.2-1.6-2.0-0.8

-3.9-0.6-3.3-1.6-2.3

-4.2+0.5-4.7-1.5-2.7

15d

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-11.2-1.5-9.8-5.6-5.6

-16.0-8.0-8.0-14.7-1.3

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UpDownMarket · Nifty Microcap 250Sector · Civil Construction peers, median of 98Pending

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

AI summary

G R Infraprojects received a GST show cause notice dated August 25, 2026, for April 2020 to March 2021. It alleges excess or ineligible input tax credit, e-way bill and GSTR-3B mismatches, and related GST issues. The proposed demand, including tax, interest and penalty, is Rs. 321.60 crore. The company is preparing a response, says it has strong grounds to defend the matter, and currently expects no material financial impact.

Likely market impact

The disputed Rs. 321.60 crore GST demand may create uncertainty, but no financial loss is confirmed; the company says it expects no material impact.