KOEL wins partial GST order; tax demand cut from about Rs 8 cr to Rs 4.3 lakh

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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

-0.3%Reaction day

₹1140.00

prior close

₹1144.60

announcement price

After-mkt

timing

Nifty Smallcap 250market · index membership as recorded later (tracked since Jun 2026)+0.4%-0.7% vs market

Compressors Pumps & Diesel Engines peers, median of 12sector+1.5%-1.8% vs sector

On the reaction day the stock moved 0.7 pts less than Nifty Smallcap 250 and 1.8 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

+0.7

10m

+0.7

15m

+0.3

30m

-0.6

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-0.3+0.4-0.7+1.5-1.8

Next day

+9.7-0.4+10.1+0.1+9.7

+10.1-1.1+11.2-0.3+10.4

+12.6-1.2+13.9-0.9+13.5

+9.4+0.1+9.3-0.6+10.0

+15.4+1.0+14.4-0.8+16.2

+10.8+1.5+9.3+0.6+10.2

15d

+9.4+2.4+7.0-0.8+10.1

+1.8-1.2+3.0-4.4+6.3

+23.7-2.5+26.2-2.1+25.8

+28.2-9.7+37.9-8.5+36.6

UpDownMarket · Nifty Smallcap 250Sector · Compressors Pumps & Diesel Engines peers, median of 12Pending

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

AI summary

Kirloskar Oil Engines received a partial favourable GST Adjudication Order from Maharashtra tax authorities. Original tax demand of Rs 4.05 crore was reduced to just Rs 2.15 lakh. Interest dropped from Rs 3.20 crore to Rs 1.79 lakh, and penalty from Rs 76.5 lakh to Rs 40,321. The case was about misclassification of outward supply under HSN codes. Company says there is no material impact on financial or operations.

Likely market impact

Positive - tax liability slashed sharply; no material impact on operations stated by the company.