Recepit of order

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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

-0.0%Reaction day

₹1513.95

prior close

₹1513.95

announcement price

In-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+1.0%-1.0% vs market

Other Electrical Equipment peers, median of 36sector+1.1%-1.1% vs sector

On the reaction day the stock moved 1.0 pts less than Nifty Microcap 250 and 1.1 pts less than its Other Electrical Equipment 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

Stock

+0.0

10m

+0.0

15m

-3.9

30m

-3.9

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-0.0+1.0-1.0+1.1-1.1

Next day

+2.4-2.6+5.0-1.4+3.8

+6.7-6.9+13.6-5.8+12.6

—-4.6—-3.8—

+2.4-5.8+8.2-4.0+6.4

+3.9-2.6+6.5-1.0+4.9

-2.9+1.4-4.3+3.1-6.0

15d

+2.4+2.0+0.3+2.7-0.3

-0.9+1.2-2.0+3.9-4.8

-10.4+11.7-22.1+14.7-25.1

+5.6+15.2-9.6+10.8-5.2

UpDownMarket · Nifty Microcap 250Sector · Other Electrical Equipment peers, median of 36Pending

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

AI summary

JSL Industries has received a favourable order from the Additional Commissioner, CGST & CE, Vadodara-I Commissionerate in a long-pending service tax case. The case originated from a show cause notice dated January 2016, which had proposed a service tax demand of Rs. 22,51,007 under the reverse charge mechanism for the period July 2012 to November 2015. The matter was earlier remanded back by CESTAT Ahmedabad for fresh adjudication. In the latest order, the entire demand along with interest and penalty has been dropped in favour of the company. The company has stated there is no financial implication arising from this outcome.

Likely market impact

Positive for shareholders — a pending tax liability of Rs. 22.51 lakhs plus interest and penalty has been completely extinguished, removing an overhang on the company. The order is unlikely to have a material impact on stock price given the small quantum involved.