Announced Thu, 16 Jul · 16:35 IST
GST Penalty of Rs 1.67 Lakh from Karnataka Tax Department
Regulatory & Legal View source PDF
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
-2.0%1-day move
₹119.00
prior close
—
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
————-2.0-1.7-4.2-2.4-7.6-1.7————
Up moveDown movePending
AI summary
Innovators Facade Systems received a penalty order of Rs 1,67,077 from the GST Department, Karnataka on 15 July 2026, related to the GST audit for FY 2018-19 to FY 2022-23. The company is evaluating the order and may file an appeal. Management states the penalty has no material impact on financials, operations, or other activities.
Likely market impact
Penalty is small at about Rs 1.67 lakh. Management says no material impact. Watch for appeal outcome.