Tax demand notice of Rs 26.92 lakh from Haryana authorities

Regulatory & Legal View source PDF Explain this filing

JTEKTINDIA · 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

+2.3%Reaction day

₹131.51

prior close

₹136.44

announcement price

In-mkt

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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.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

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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

+2.3+0.6+1.7-0.1+2.3

Next day

+2.1+1.7+0.5-0.3+2.5

+5.2+2.1+3.1+0.1+5.1

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+4.5+3.8+0.7+1.6+2.9

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15d

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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 notices of assessment and demand under Section 9 of the Haryana Tax on Entry of Goods into Local Areas Act 2008 from the Excise and Taxation officer-cum Assessing Authority, Gurugram, for FY 2015-16 to 2017-18, totalling Rs 26,91,900. The company states there is no material impact on financials or operations and is in the process of filing a reply.

Likely market impact

Minor tax demand of ~Rs 26.92 lakh; company says no material impact and is contesting it.