JSW Dulux receives GST show cause notice for ITC disallowance

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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

+0.5%Reaction day

₹3150.00

prior close

₹3143.40

announcement price

After-mkt

timing

Nifty Smallcap 250market-0.6%+1.1% vs market

Paints peers, median of 8sector-0.8%+1.3% vs sector

On the reaction day the stock moved 1.1 pts more than Nifty Smallcap 250 and 1.3 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

-1.0

10m

-1.0

15m

-0.8

30m

-1.2

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+0.5-0.6+1.1-0.8+1.3

Next day

+0.5+0.4+0.0+0.4+0.1

+0.7+0.6+0.1-0.1+0.8

+1.1+0.7+0.5-1.0+2.1

+0.6+0.9-0.3-2.0+2.6

+0.8+0.4+0.4-2.5+3.3

+0.1-0.1+0.3-3.4+3.6

15d

-0.6-1.1+0.5-5.8+5.2

-5.7-3.9-1.9-8.3+2.6

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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 Limited received a show cause notice from the Gujarat GST Department dated 28 August 2026, alleging disallowance of Input Tax Credit (ITC) for April 2020 to March 2022. Total potential liability is Rs 9,294 (tax Rs 4,647, penalty Rs 4,647, plus applicable interest). The company plans to respond within the stipulated time. This is part of a routine GST scrutiny process and a preliminary stage of proceedings.

Likely market impact

Very small tax dispute with negligible financial impact. Company will respond. No material effect expected on operations or stock.