KEI Industries gets GST demand of about Rs 17 lakh, plans appeal

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KEI · price

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

+3.0%Reaction day

₹4502.00

prior close

₹4539.00

announcement price

After-mkt

timing

Nifty Midcap 150market+0.5%+2.5% vs market

Cables - Electricals peers, median of 11sector+0.6%+2.4% vs sector

On the reaction day the stock moved 2.5 pts more than Nifty Midcap 150 and 2.4 pts more than its Cables - Electricals 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

+1.9

10m

+1.8

15m

+2.4

30m

+1.9

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+3.0+0.5+2.5+0.6+2.4

Next day

+1.5+1.6-0.1+1.7-0.2

+3.8+0.9+2.9+1.9+2.0

+1.7-1.5+3.3-0.7+2.4

+1.8-0.2+2.0-1.5+3.3

+3.4-0.1+3.5-0.6+3.9

+2.7+0.8+1.9-0.6+3.3

15d

-14.0-3.0-11.1-8.2-5.8

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UpDownMarket · Nifty Midcap 150Sector · Cables - Electricals peers, median of 11Pending

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

AI summary

KEI Industries received a GST demand order of Rs 8.55 lakh in tax plus an equal penalty of Rs 8.55 lakh, plus applicable interest, from Central GST Ahmedabad South. The demand relates to alleged non-payment of tax on unbilled revenue for FY 2022-23. The company says the demand is not maintainable, plans to file an appeal, and expects no material impact on financials or operations.

Likely market impact

Minor tax dispute of about Rs 17 lakh. Company contests and plans appeal, expects no material impact. Negligible for shareholders.