Tax demand of about Rs 3.63 crore dropped by Commercial Tax Department, Chennai

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JTEKTINDIA · price

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

+3.7%Reaction day

₹131.60

prior close

₹135.31

announcement price

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Nifty Microcap 250market · in no size index; the smallest one is used+1.8%+1.9% vs market

Auto Components & Equipments peers, median of 111sector+1.0%+2.7% vs sector

On the reaction day the stock moved 1.9 pts more than Nifty Microcap 250 and 2.7 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

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Next day

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UpDownMarket · Nifty Microcap 250Sector · Auto Components & Equipments peers, median of 111Pending

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AI summary

Jtekt India received an order dated 29 January 2026 from the Joint Commissioner of Commercial Tax Department, Intelligence-II, Chennai. A GST demand of Rs 3,63,25,998 (about Rs 3.63 crore) raised under Section 74 of the CGST Act 2017, linked to the now-amalgamated subsidiary JTEKT Sona Automotive India, has been dropped after the company filed a reply which was accepted by the authority. The company states financial impact is Not Applicable.

Likely market impact

Positive news. Tax demand of about Rs 3.63 crore against the company has been fully dropped by the tax authority, removing that liability.