GRAVITANSEGravita India Limited· MiningMediumNeutral
Announced Sat, 16 May · 18:59 IST

Gravita India Limited has informed the Exchange about Action(s) taken or orders passed

Sebi PenaltyRegulatory & Legal View source PDF

GRAVITA · price

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Price reaction · full curve 14 horizons · vs prior close
-4.1%1-day move
₹1688.00
prior close
₹1680.50
base price
After-mkt
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5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-2.2-2.2-2.4-2.5-4.1-4.5-2.5-2.5-1.8-1.1-6.0+2.3+7.2
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AI summary

Gravita India Limited has received a penalty order from the Office of Assistant Commissioner, Ghaziabad, Uttar Pradesh dated 16th May 2026. The penalty amount is Rs. 1,65,863/- (approximately Rs. 1.66 lakh) imposed under Section 129 of the Goods and Services Tax Act, 2017. The violation relates to a discrepancy where the place of loading mentioned in documents differed from the actual place of loading. The company has clarified that there is no material impact on financial or operational activities beyond the penalty amount itself. The disclosure is made pursuant to Regulation 30 of SEBI Listing Regulations.

Likely market impact

The penalty amount of Rs. 1.66 lakh is relatively small for a company of Gravita's size and the company has confirmed no material operational or financial impact. This appears to be a routine GST compliance matter rather than a serious regulatory concern.