Grindwell Norton gets Rs 12.98 cr GST demand dropped

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GRINDWELL · price

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

+1.7%Reaction day

₹1568.60

prior close

₹1563.00

announcement price

After-mkt

timing

Nifty Microcap 250market · index membership as recorded later (tracked since Jun 2026)-0.8%+2.5% vs market

Abrasives & Bearings peers, median of 6sector-1.1%+2.8% vs sector

On the reaction day the stock moved 2.5 pts more than Nifty Microcap 250 and 2.8 pts more than its Abrasives & Bearings 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

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10m

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15m

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30m

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Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+1.7-0.8+2.5-1.1+2.8

Next day

+1.9-0.8+2.8-0.9+2.8

-0.8+0.6-1.4+0.3-1.1

-0.2+0.8-1.0+1.3-1.5

-0.8+1.7-2.5+0.9-1.7

+0.2+2.0-1.7+0.7-0.5

+0.6+1.3-0.7-1.4+2.0

15d

-2.9-7.1+4.2-3.5+0.6

-3.7-6.8+3.1-3.0-0.7

+3.0-7.1+10.1-3.8+6.7

-13.7-15.7+2.1-11.6-2.1

UpDownMarket · Nifty Microcap 250Sector · Abrasives & Bearings peers, median of 6Pending

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

AI summary

Grindwell Norton received a final GST order dropping a demand of Rs 12.98 crores related to Input Tax Credit mismatch for FY 2021-22. The demand was set to NIL after the company's submissions and representations. Another Show Cause Notice of Rs 23.57 crores concerning material movements for job-work transactions remains pending adjudication. The company has stated there is no material impact on its financials or operations.

Likely market impact

Positive — a Rs 12.98 cr tax demand has been fully dropped, though another Rs 23.57 cr demand is still pending review.