Karnataka GST dept demand order; reduced from Rs.118 cr to Rs.42 cr

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JSWDULUX · price

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

-2.0%Reaction day

₹3055.00

prior close

₹3058.60

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-2.6%+0.6% vs market

Paints peers, median of 7sector-0.5%-1.5% vs sector

On the reaction day the stock moved 0.6 pts more than Nifty Microcap 250 and 1.5 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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15m

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30m

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Sessions after the filingfrom the prior close

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Reaction day

-2.0-2.6+0.6-0.5-1.5

Next day

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UpDownMarket · Nifty Microcap 250Sector · Paints peers, median of 7Pending

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

AI summary

JSW Dulux received an order dated 15 Oct 2026 from Karnataka GST Dept (received 19 Oct) for FY April 2020 to March 2021, demanding Rs.42.04 crore (Tax Rs.14.07 cr, Interest Rs.13.90 cr, Penalty Rs.14.07 cr). This is sharply lower than the original show cause demand of Rs.118.33 crore issued on 5 Aug 2026. Company will file further submissions to contest the order within the allowed timeframe.

Likely market impact

Partial relief; demand reduced significantly but Rs.42 cr liability stands and appeal continues.