Goa Carbon wins tax rectification, Rs 61.6 lakh refund due

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GOACARBON · price

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

-7.3%Reaction day

₹410.90

prior close

₹411.00

announcement price

In-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+0.6%-7.9% vs market

Industrial Minerals peers, median of 13sector+0.4%-7.7% vs sector

On the reaction day the stock moved 7.9 pts less than Nifty Microcap 250 and 7.7 pts less than its Industrial Minerals 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

+0.9

10m

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15m

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30m

-1.5

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-7.3+0.6-7.9+0.4-7.7

Next day

-6.9+0.2-7.1-0.1-6.9

-9.9-0.9-9.0-0.9-8.9

-10.9-0.3-10.6-0.7-10.3

-10.7+0.0-10.7-0.9-9.8

-9.5-1.1-8.3-1.2-8.3

-8.7-1.4-7.3-1.5-7.2

15d

-7.0+2.7-9.6+0.2-7.1

-13.3+3.6-16.9-0.3-13.1

-6.4+2.0-8.4-5.2-1.3

+0.7+1.1-0.3-14.6+15.3

UpDownMarket · Nifty Microcap 250Sector · Industrial Minerals peers, median of 13Pending

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

AI summary

Goa Carbon informed the exchanges about a Bombay High Court order in a writ petition for Income Tax Assessment Year 1994-95. The company had sought rectification of an erroneous order from 2011, and the Deputy Commissioner of Income Tax granted this on 6 July 2026. As a result, a refund of Rs 61,60,980 (about Rs 61.6 lakh) is now due to the company. The writ petition was withdrawn as the relief was achieved. The company is completing formalities to receive the refund.

Likely market impact

Positive - company wins a long-pending tax dispute and is owed a refund of about Rs 61.6 lakh. Small but favourable for shareholders.