Intimation under Regulation 30 of SEBI (LODR) Regulation, 2015

Regulatory & Legal View source PDF Explain this filing

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

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

-2.3%Reaction day

₹490.15

prior close

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announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+0.8%-3.1% vs market

Industrial Products peers, median of 104sector+0.3%-2.6% vs sector

On the reaction day the stock moved 3.1 pts less than Nifty Microcap 250 and 2.6 pts less than its Industrial Products peers, 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

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Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-2.3+0.8-3.1+0.3-2.6

Next day

-3.7+2.0-5.7+0.9-4.6

-2.9+0.9-3.8-0.3-2.6

+4.9+1.7+3.2-0.1+4.9

+0.8+1.6-0.8-0.4+1.2

+3.4+2.2+1.2+0.5+2.9

+12.2+2.7+9.5+1.0+11.2

15d

+7.5+4.5+3.0+3.2+4.3

+4.0+5.6-1.6+2.7+1.4

+3.5+9.0-5.4+7.1-3.6

-19.0+3.5-22.6-0.8-18.2

UpDownMarket · Nifty Microcap 250Sector · Industrial Products peers, median of 104Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Josts Engineering Company has received a Recovery Notice from the Deputy Commissioner of Commercial Taxes, Karnataka, under Section 79 of the CGST Rules, 2017, directing HDFC Bank to attach or block the company's bank accounts. The notice is linked to alleged unpaid GST of about Rs. 50.65 lakh owed by M/s. Paladiaon Network Private Limited, a third party. The company has clarified that it has no business relationship or financial dealings with Paladiaon Network at any point in time. Based on its GST consultants' advice, the company will file an appropriate response within the prescribed timelines. Management has stated the demand is not maintainable and does not foresee any material impact on its financials or operations.

Likely market impact

Near-term impact on shareholers appears limited as the disputed amount is small (~Rs 50.65 lakh) and the company asserts no connection to the underlying party. However, account attachment/blocking could cause temporary operational friction until the matter is resolved, and investors should watch for updates on the company's response.