India Glycols wins GST appeal, Rs 1.92 crore demand dropped

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INDIAGLYCO · price

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

-1.6%Reaction day

₹1082.00

prior close

₹1060.50

announcement price

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Nifty Microcap 250market · index membership as recorded later (tracked since Jun 2026)-1.1%-0.5% vs market

Breweries & Distilleries peers, median of 24sector-1.0%-0.6% vs sector

On the reaction day the stock moved 0.5 pts less than Nifty Microcap 250 and 0.6 pts less than its Breweries & Distilleries peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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Next day

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UpDownMarket · Nifty Microcap 250Sector · Breweries & Distilleries peers, median of 24Pending

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AI summary

India Glycols had received a GST order in January 2025 disallowing transitional input tax credit and demanding Rs 1.92 crore plus penalty and interest. The company appealed, and the Commissioner of CGST (Appeals) Noida has set aside the order, dropping the demand entirely. Financial impact is nil.

Likely market impact

Positive: Rs 1.92 crore tax demand plus penalty and interest fully removed, no financial burden on the company.