Announced Tue, 28 Oct, 2025 · 13:47 IST

GST department appeal dismissed in Glottis tax dispute

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GLOTTIS · price

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

-3.3%Reaction day

₹79.61

prior close

₹77.25

announcement price

In-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+0.2%-3.5% vs market

On the reaction day the stock moved 3.5 pts less than Nifty Microcap 250, 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

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Reaction day

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Next day

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AI summary

The Commissioner of GST and Central Excise (Appeals-I) dismissed the GST department's appeal against Glottis Limited on October 24, 2025. The dispute concerned alleged short payment of GST on ocean freight from FY 2017-18 to FY 2021-22, involving Rs 12.73 crore of tax demand plus interest and penalty. The order was communicated on October 27, 2025.

Likely market impact

Positive: Glottis avoids the Rs 12.73 crore appealed demand and related interest and penalty, easing a material financial risk.