Customs penalty of Rs. 43.33 lakh for tariff misclassification

Regulatory & Legal View source PDF Explain this filing

GRANULES · price

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

+0.2%Reaction day

₹570.00

prior close

₹578.50

announcement price

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Nifty Smallcap 250market · index membership as recorded later (tracked since Jun 2026)+0.4%-0.3% vs market

Pharmaceuticals peers, median of 154sector+0.4%-0.2% vs sector

On the reaction day the stock moved 0.3 pts less than Nifty Smallcap 250 and 0.2 pts less than its Pharmaceuticals peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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UpDownMarket · Nifty Smallcap 250Sector · Pharmaceuticals peers, median of 154Pending

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

AI summary

Granules India received a customs order dated 22 October 2025, imposing a penalty of Rs. 43,32,831 plus applicable interest. The penalty relates to wrong customs tariff headings used for imported goods in financial years 2019-20 and 2020-21. The company says the liability has no material impact on its financial position or operations.

Likely market impact

The penalty and interest may weigh on investor sentiment, but the company reports no material financial or operational impact.