Intimation under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
JINDALSTEL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 1.1 pts more than Nifty 100 and 0.4 pts less than its Iron & Steel peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Jindal Steel has received a GST Demand Order from the Additional Commissioner, GST South Commissionerate, Delhi, following a GST audit covering FY 2018-19 to FY 2022-23. The order alleges the company availed excess GST Input Tax Credit (ITC) in Delhi, raising a demand of Rs. 3.40 crore along with applicable interest and a penalty of Rs. 3.18 crore. The company is not accepting the demand and plans to file an appeal before the Appellate Authority, along with the required pre-deposit for stay. It has also identified arithmetical errors in the order and is pursuing rectification with the issuing authority. The company states it does not anticipate any material impact on its financials, operations, or other activities.
The total demand of roughly Rs. 6.58 crore (plus interest) is immaterial relative to Jindal Steel's size, and the company is contesting it, so this is unlikely to affect share price or shareholder value. Investors should monitor the appeal outcome, but near-term impact is minimal.