Customs demand of about 1.05 crore against Hexagon Nutrition, company to contest

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HEXAGON · price

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

-0.2%Reaction day

₹66.10

prior close

₹65.00

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-0.6%+0.4% vs market

On the reaction day the stock moved 0.4 pts more than Nifty Microcap 250, 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

+2.1

10m

+1.5

15m

+1.5

30m

+1.5

Sessions after the filingfrom the prior close

StockMarketvs market

Reaction day

-0.2-0.6+0.4

Next day

+1.1+0.0+1.0

+1.4+0.7+0.7

-0.2+1.1-1.3

-2.8+1.6-4.4

+2.0+1.5+0.5

+2.9+1.4+1.5

15d

-1.7+0.4-2.1

+4.5-1.4+5.9

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AI summary

Customs Commissioner Chennai III has demanded about Rs 1.05 crore (duty 81.7 lakh, fine 15 lakh, penalty 8 lakh) plus interest from Hexagon Nutrition over alleged misclassification of product codes for DTA sales. Order relates to a former subsidiary, HNEPL, now merged with HNL. Company disagrees with findings and plans to appeal, expects a favourable outcome with no material impact on operations.

Likely market impact

Immediate hit limited to about 1.05 crore plus interest. Company to appeal and expects a favourable outcome. Watch for appeal results.