GST order in company favour, Rs. 116.72 Crore demand fully dropped

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LGEINDIA · price

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

-1.3%Reaction day

₹1566.00

prior close

₹1567.00

announcement price

After-mkt

timing

Nifty Midcap 150market-0.2%-1.1% vs market

Household Appliances peers, median of 23sector-0.6%-0.6% vs sector

On the reaction day the stock moved 1.1 pts less than Nifty Midcap 150 and 0.6 pts less than its Household Appliances 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

+0.2

10m

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15m

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30m

+0.2

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-1.3-0.2-1.1-0.6-0.6

Next day

-0.0+0.2-0.2-0.9+0.9

+0.1-0.1+0.1-0.8+0.9

-1.0-1.7+0.7-2.9+1.9

+0.2-0.3+0.5-1.6+1.8

-0.6+1.0-1.6-0.8+0.2

-2.8+0.5-3.3-0.8-2.0

15d

-2.0-1.1-0.9-1.2-0.8

+0.2+2.1-1.9+0.1+0.1

+5.9+1.2+4.6-5.7+11.6

+13.7-5.1+18.8-12.2+25.9

UpDownMarket · Nifty Midcap 150Sector · Household Appliances peers, median of 23Pending

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

AI summary

LG Electronics India received a GST order from the Joint Commissioner GST Corporate Circle-2, Greater Noida, dated July 1, 2026, deciding a show cause notice in favour of the company. The notice had alleged excess Input Tax Credit claims for FY 2021-22, with a proposed demand of Rs. 116.72 Crore (Rs. 58.36 Crore principal tax plus Rs. 58.36 Crore penalty). The authority has dropped the entire demand. There is no financial, operational, or other material impact on the company.

Likely market impact

Positive outcome, entire Rs. 116.72 Crore tax demand dropped, removes litigation overhang, no hit to earnings