Gopal Snacks Limited has informed the Exchange about General Updates
GOPAL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 1.8 pts more than Nifty Microcap 250 and 0.5 pts more than its Packaged Foods peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
Minute windows have no benchmark: there is no intraday index history to compare against.
Gopal Snacks Limited received a Show Cause cum Demand Notice from the Office of the Commissioner of CGST, Nagpur-II on April 7, 2025, raising a tax demand of ₹12.28 crore (plus applicable interest and penalty). The issue is about the GST classification of its 'Snack Pallet' and 'Extruded Snacks' products — the tax department claims these should fall under HSN code 19059030 instead of the 21069090 used by the company. The company says this is an industry-wide classification matter and plans to appeal before the appellate authority, calling its case strong on merits. This is an update to an earlier intimation from March 8, 2025. The company has committed to informing exchanges of any further developments.
A potential ₹12.28 crore outflow (plus interest and penalty) could weigh on profitability if the appeal fails, but the matter is still being contested. Short-term stock sentiment may see some pressure, though the company views the demand as contestable and not yet a settled liability.