Intimation under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

Regulatory & Legal View source PDF Explain this filing

KOTAKBANK · price

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

+0.6%Reaction day

₹440.60

prior close

₹442.00

announcement price

After-mkt

timing

Nifty 100market · index membership as recorded later (tracked since Jun 2026)+0.1%+0.5% vs market

Private Sector Bank peers, median of 19sector+0.4%+0.2% vs sector

On the reaction day the stock moved 0.5 pts more than Nifty 100 and 0.2 pts more than its Private Sector Bank 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

-0.5

10m

-0.6

15m

-0.6

30m

-0.6

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+0.6+0.1+0.5+0.4+0.2

Next day

-0.6+0.9-1.5+1.5-2.1

-0.5+0.6-1.1+3.0-3.5

-2.7+0.4-3.2+4.9-7.7

-2.6+0.3-2.9+3.7-6.3

-3.3-0.8-2.5+1.5-4.8

-3.1-1.2-1.9+0.5-3.6

15d

-3.7-4.2+0.5+0.2-3.9

-7.4-3.9-3.6-0.9-6.5

-6.7-4.2-2.5+5.4-12.1

-19.3-12.8-6.5-5.7-13.7

UpDownMarket · Nifty 100Sector · Private Sector Bank peers, median of 19Pending

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

AI summary

Kotak Mahindra Bank has received an order dated December 29, 2025 from the Deputy Commissioner of State Tax, Business Audit Wing, Rajasthan, levying a total demand of about Rs. 2.33 crore. This includes GST of Rs. 1.27 crore, interest of Rs. 93 lakh, and a penalty of Rs. 12.67 lakh. The demand relates to the disallowance of input tax credit (ITC) claimed by the bank during FY 2021-22. The bank has stated it believes it has adequate grounds to contest the order and intends to file an appeal under the applicable laws. The financial impact is limited to the demand amount and is not considered material to the bank's overall position.

Likely market impact

The demand is small relative to the bank's size and is unlikely to materially affect financials or share price. However, the outcome of the appeal and any additional demands from other states for similar ITC issues could be worth tracking.