Inspirisys wins Kerala VAT appeal, ₹109 lakh demand dismissed

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INSPIRISYS · price

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

-1.9%Reaction day

₹103.99

prior close

₹103.99

announcement price

After-mkt

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Nifty Microcap 250market · in no size index; the smallest one is used-0.2%-1.7% vs market

On the reaction day the stock moved 1.7 pts less 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

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10m

-1.0

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30m

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Sessions after the filingfrom the prior close

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Reaction day

-1.9-0.2-1.7

Next day

-6.8+0.2-7.0

-11.5+0.4-11.8

-15.9+0.4-16.3

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UpDownMarket · Nifty Microcap 250Pending

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AI summary

Kerala VAT Appellate Tribunal dismissed the appeal filed by the state tax department against Inspirisys Solutions for FY 2016-17. The tax demand of ₹109 lakhs has been set aside in the order received on August 10, 2026. This is a favorable outcome in a long-pending tax dispute originally filed in 2020.

Likely market impact

Positive for shareholders - ₹109 lakh tax demand dismissed, removing a potential financial liability from the books.