Favorable CGST appeal, Rs 36 lakh demand set aside

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JUBLINGREA · price

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

+1.7%Reaction day

₹618.00

prior close

₹618.50

announcement price

After-mkt

timing

Nifty Smallcap 250market · index membership as recorded later (tracked since Jun 2026)+1.4%+0.4% vs market

Specialty Chemicals peers, median of 92sector+1.0%+0.7% vs sector

On the reaction day the stock moved 0.4 pts more than Nifty Smallcap 250 and 0.7 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

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30m

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Sessions after the filingfrom the prior close

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Reaction day

+1.7+1.4+0.4+1.0+0.7

Next day

+0.5+0.2+0.3+0.1+0.5

-0.1-0.6+0.6-0.9+0.9

+0.9+2.0-1.1+1.3-0.4

+3.4+3.2+0.1+3.0+0.4

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+4.2+5.2-1.0+2.3+1.8

15d

+3.5+6.3-2.8+2.6+0.9

+15.7+6.7+9.0+2.5+13.2

+19.8+9.5+10.2+6.4+13.4

+8.7+10.0-1.3+9.0-0.3

UpDownMarket · Nifty Smallcap 250Sector · Specialty Chemicals peers, median of 92Pending

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

AI summary

Jubilant Ingrevia received a favorable order from the Commissioner CGST (Appeals), Meerut on June 8, 2026. The order sets aside a service tax demand of Rs 36.05 lakh on ocean freight for FY 2017-18, along with an equal penalty of Rs 36.05 lakh and applicable interest. This removes the contingent liability from the company's books.

Likely market impact

Positive; clears contingent liability of about Rs 72 lakh plus interest. Minor relief overall.