Haryana tax assessment notices totaling Rs 26.92 lakh; company to contest

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JTEKTINDIA · price

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

+2.3%Reaction day

₹131.51

prior close

₹135.86

announcement price

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Nifty Microcap 250market · in no size index; the smallest one is used+0.6%+1.7% vs market

Auto Components & Equipments peers, median of 116sector-0.1%+2.3% vs sector

On the reaction day the stock moved 1.7 pts more than Nifty Microcap 250 and 2.3 pts more than its Auto Components & Equipments peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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Next day

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UpDownMarket · Nifty Microcap 250Sector · Auto Components & Equipments peers, median of 116Pending

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AI summary

Jtekt India received three assessment and demand notices from Haryana's Excise & Taxation Officer under Section 9 of the Haryana Tax on Entry of Goods into Local Areas Act, 2008, for FY2015-16 to FY2017-18, totaling Rs 26.92 lakh. The company states there is no material financial or operational impact and plans to file a reply contesting the notices.

Likely market impact

Small tax demand of Rs 26.92 lakh is immaterial; company is contesting. No material impact on operations or financials.