Receipt of GST order
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 8.6 pts more than Nifty Microcap 250 and 8.3 pts more than its Heavy Electrical Equipment peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Jyoti Ltd has received an order from the Office of the Assistant Commissioner of State Tax (Enforcement), Vadodara, on 20th May 2025, demanding Rs. 12.98 lakhs (including interest and penalty). The demand relates to allegedly wrongful availment of Input Tax Credit for the tax period 2019-20, connected to purchases from a vendor named Saisons Trade & Industry Pvt Ltd. The company plans to file an appeal against the order. Management has stated that it has a strong case on merits and does not foresee any material impact on its financial, operational, or other activities.
The financial impact is minimal — Rs. 12.98 lakhs is a very small amount relative to any company's operations. The stock price is unlikely to be materially affected, though investors should track the appeal outcome.