GST tax demand of Rs 1.11 crore for FY22; company to appeal

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HEROMOTOCO · price

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

-2.5%Reaction day

₹6152.00

prior close

₹5989.00

announcement price

In-mkt

timing

Nifty Midcap 150market · index membership as recorded later (tracked since Jun 2026)+0.4%-2.9% vs market

2/3 Wheelers peers, median of 7sector-0.4%-2.1% vs sector

On the reaction day the stock moved 2.9 pts less than Nifty Midcap 150 and 2.1 pts less than its 2/3 Wheelers 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

-2.5+0.4-2.9-0.4-2.1

Next day

-3.6-0.6-3.0-0.6-3.0

-2.9+0.3-3.1+0.6-3.5

-3.1+1.5-4.6+1.3-4.5

-3.3+1.4-4.7+1.1-4.3

-3.5+0.6-4.2-0.5-3.0

-6.7+0.3-7.0-1.8-4.9

15d

-6.3+2.0-8.4+3.5-9.8

-5.9+0.7-6.6+5.3-11.2

-6.6+2.0-8.6+1.0-7.6

-11.0-4.9-6.0+0.9-11.9

UpDownMarket · Nifty Midcap 150Sector · 2/3 Wheelers peers, median of 7Pending

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

AI summary

Hero MotoCorp received a GST tax demand order from the State Tax office in Lucknow for FY 2021-22, alleging excess Input Tax Credit claims and mismatch in returns. The demand totals about Rs 1.11 crore in tax, Rs 11 lakh in penalty, plus interest. The company says the demand is not valid and plans to file an appeal. Management says there is no material impact on financials or operations.

Likely market impact

Minor tax dispute; amounts small relative to company size and management is contesting it