Announced Wed, 15 Apr · 21:33 IST
Tax appeal: penalty reduced from Rs.7.2 lakh to Rs.10,000
Regulatory & Legal View source PDF
INDIAGLYCO · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
+4.4%1-day move
₹937.00
prior close
₹945.00
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-0.2-0.3-0.4-1.2+4.4+2.2+3.3+4.8+4.6+3.6+23.4+7.9+4.2+23.3
Up moveDown movePending
AI summary
India Glycols received a favorable order from the Deputy Commissioner of State Tax, Appeal-4, Mehsana (Gujarat) on 15 April 2026. The appellate authority set aside the original IGST penalty of Rs.7,20,570 imposed in November 2024. A minor new penalty of Rs.10,000 was levied for a clerical mistake of not disclosing the tax amount in an E-way bill. The company will not appeal further given the small quantum vs. litigation cost.
Likely market impact
Strongly positive outcome — ~99% reduction in penalty. Negligible financial impact of Rs.10,000; no effect on operations or financials.