GST Show Cause Notice of Rs 5.09 crore received

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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

+0.1%Reaction day

₹2294.50

prior close

₹2312.30

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+0.5%-0.5% vs market

Specialty Chemicals peers, median of 99sector-0.2%+0.3% vs sector

On the reaction day the stock moved 0.5 pts less than Nifty Microcap 250 and 0.3 pts more than its Specialty Chemicals 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

-1.0

10m

-0.7

15m

-1.0

30m

-0.8

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+0.1+0.5-0.5-0.2+0.3

Next day

-3.1+0.8-3.9-0.0-3.1

-6.7+1.0-7.7+0.2-6.9

-6.6+0.6-7.2-0.1-6.5

-7.0+1.2-8.2+0.4-7.4

-7.6+0.9-8.6+0.4-8.0

+0.3+1.6-1.2+0.0+0.3

15d

-8.0+1.9-9.9+1.5-9.5

-8.8+0.8-9.7+1.5-10.3

-25.0-5.7-19.3-4.6-20.4

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UpDownMarket · Nifty Microcap 250Sector · Specialty Chemicals peers, median of 99Pending

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

AI summary

Jubilant Agri and Consumer Products received a GST Show Cause Notice of about Rs 5.09 crore from the Central GST Audit Commissionerate, Ludhiana. The notice proposes 18 percent GST on about Rs 28.28 crore shown in an Invoices to be Sent memorandum GL for FY 2020-21 to FY 2023-24, alleging unpaid tax on supply. The company states the demand is based on an incorrect understanding of facts and will file a detailed reply contesting it. Management does not anticipate any financial impact.

Likely market impact

Limited near-term impact. Demand of about Rs 5.09 cr is being contested; management sees no financial hit. Worth tracking the reply outcome.