Kirloskar Oil Engines gets GST Show Cause Notice of about Rs 5.82 crore

Regulatory & Legal View source PDF Explain this filing

KIRLOSENG · price

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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

₹1890.50

prior close

₹1885.00

announcement price

After-mkt

timing

Nifty Smallcap 250market · index membership as recorded later (tracked since Jun 2026)+0.5%-0.6% vs market

Compressors Pumps & Diesel Engines peers, median of 13sector+0.6%-0.7% vs sector

On the reaction day the stock moved 0.6 pts less than Nifty Smallcap 250 and 0.7 pts less than its Compressors Pumps & Diesel Engines 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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15m

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30m

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Sessions after the filingfrom the prior close

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Reaction day

-0.1+0.5-0.6+0.6-0.7

Next day

-0.0+0.6-0.6+0.3-0.3

+3.4+1.2+2.3+2.2+1.2

+1.1+1.2-0.1+5.1-4.0

-2.7-0.6-2.0+2.3-5.0

-1.7+0.7-2.4+4.3-6.0

-4.9-1.3-3.6+2.7-7.6

15d

+32.2+5.3+27.0+14.3+17.9

+22.7+6.7+16.1+15.7+7.0

+17.8+7.8+10.0+5.6+12.3

+14.9+8.3+6.6+6.9+8.1

UpDownMarket · Nifty Smallcap 250Sector · Compressors Pumps & Diesel Engines peers, median of 13Pending

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

AI summary

Kirloskar Oil Engines received a Show Cause Notice from the Deputy Commissioner of State Tax, Pune, under Section 73 of the GST Act for Input Tax Credit mismatch in FY 2022-23. The demand includes tax of Rs 3.19 crore, interest of Rs 2.31 crore, and penalty of Rs 31.85 lakh, totaling about Rs 5.82 crore. The company says it sees no material impact and will file a reply within prescribed timelines.

Likely market impact

Pre-decision tax demand of about Rs 5.82 crore. Company plans to contest and expects no material hit. Minor near-term sentiment overhang.