JSW Dulux wins GST appeal; Rs 14.76 cr demand annulled

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JSWDULUX · price

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

-0.6%Reaction day

₹3158.00

prior close

₹3158.00

announcement price

After-mkt

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Nifty Smallcap 250market-0.1%-0.5% vs market

Paints peers, median of 8sector-0.0%-0.6% vs sector

On the reaction day the stock moved 0.5 pts less than Nifty Smallcap 250 and 0.6 pts less 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

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Sessions after the filingfrom the prior close

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Reaction day

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Next day

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15d

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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 won its GST appeal in Karnataka. The Joint Commissioner of LGSTO 38, Bengaluru annulled the entire demand of Rs 14,75,83,468 (about Rs 14.76 crore) for the 2019-20 period, which comprised tax of Rs 4.81 cr, interest of Rs 5.15 cr, and penalty of Rs 4.81 cr. The original demand order issued in April 2026 now stands fully set aside.

Likely market impact

Positive for shareholders. The full Rs 14.76 crore tax demand has been quashed, removing a significant financial liability and overhang on the stock.