JSW Dulux gets Rs 118.33 crore GST show cause notice from Karnataka

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JSWDULUX · price

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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

+1.8%Reaction day

₹3028.20

prior close

₹3048.00

announcement price

After-mkt

timing

Nifty Smallcap 250market+0.2%+1.6% vs market

Paints peers, median of 8sector+1.1%+0.8% vs sector

On the reaction day the stock moved 1.6 pts more than Nifty Smallcap 250 and 0.8 pts more than its Paints 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

+0.1

10m

+0.4

15m

+0.2

30m

+0.2

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+1.8+0.2+1.6+1.1+0.8

Next day

-0.9+0.2-1.1+0.4-1.3

+0.8+0.1+0.7-0.3+1.1

+4.0+0.3+3.7-0.7+4.8

+2.4+0.1+2.3-0.6+3.0

+3.2+0.2+3.0-0.5+3.7

+4.4-0.1+4.4+0.1+4.2

15d

+3.2+0.6+2.6-2.9+6.1

+5.2+0.9+4.3-5.9+11.1

-0.3-2.3+2.0-11.3+11.0

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UpDownMarket · Nifty Smallcap 250Sector · Paints peers, median of 8Pending

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

AI summary

JSW Dulux received a show cause notice from Karnataka GST Department on 5 Aug 2026 regarding disallowance of Input Tax Credit for April 2020 to March 2021. Total demand is Rs 118.33 crore, comprising Rs 40.09 crore tax, Rs 38.18 crore interest, and Rs 40.07 crore penalty. The company is preparing its response within the stipulated time. The matter is pending adjudication.

Likely market impact

Potential tax liability of Rs 118.33 crore pending. Negative near-term sentiment but outcome uncertain as company responds. Watch for further developments.