JSW Infrastructure Limited has informed the Exchange about receipt of Show Cause Notice by Ennore Coal Terminal Private Limited (Subsidiary Company of JSW Infrastructure Limited) from GST Authorities

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

-2.8%Reaction day

₹323.90

prior close

₹321.20

announcement price

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Nifty Midcap 150market · index membership as recorded later (tracked since Jun 2026)+0.1%-2.9% vs market

Port & Port services peers, median of 5sector+0.3%-3.0% vs sector

On the reaction day the stock moved 2.9 pts less than Nifty Midcap 150 and 3.0 pts less than its Port & Port services peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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AI summary

JSW Infrastructure's subsidiary, Ennore Coal Terminal Private Limited (ECTPL), has received a Show Cause Notice from the Joint Commissioner of GST and Central Excise, Chennai, dated 26 September 2025. The notice alleges contraventions of GST provisions for the period April 2019 to March 2024, demanding Rs. 96.58 Crore in GST along with applicable interest and penalty under Section 74(1) of the CGST Act, 2017. ECTPL has 30 days to respond with reasons why the demand should not be raised. The company has stated there is no material impact on its financials or operations and plans to contest the notice on legal and factual grounds.

Likely market impact

While the Rs. 96.58 Crore demand is notable, the company claims no material financial impact and intends to fight the case. Shareholders should monitor the outcome, as an adverse ruling could affect the subsidiary's earnings, though the parent company's exposure is limited at this stage.