Tax correction order grants Goa Carbon another Rs 22.22 lakh refund

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GOACARBON · price

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

-2.9%Reaction day

₹408.55

prior close

₹403.00

announcement price

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Nifty Microcap 250market · in no size index; the smallest one is used-2.6%-0.3% vs market

Industrial Minerals peers, median of 13sector-3.1%+0.1% vs sector

On the reaction day the stock moved 0.3 pts less than Nifty Microcap 250 and 0.1 pts more than its Industrial Minerals peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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AI summary

Goa Carbon received an October 8, 2026 tax correction order granting additional interest and another refund of Rs 22,22,305 for 2010-11. Earlier orders had granted refunds of Rs 76,15,436 and Rs 1,20,44,555. The company is reviewing its options in a pending Bombay High Court case.

Likely market impact

The additional refund supports company cash flow, but uncertainty remains over the pending court case.