GST demand of around Rs 92 lakh from Jharkhand tax authority; company to appeal

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

-0.4%Reaction day

₹538.00

prior close

₹538.75

announcement price

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Nifty Midcap 150market · index membership as recorded later (tracked since Jun 2026)-0.2%-0.3% vs market

Housing Finance Company peers, median of 17sector-0.3%-0.1% vs sector

On the reaction day the stock moved 0.3 pts less than Nifty Midcap 150 and 0.1 pts less than its Housing Finance Company peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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UpDownMarket · Nifty Midcap 150Sector · Housing Finance Company peers, median of 17Pending

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

AI summary

LIC Housing Finance received a GST demand notice from Jharkhand tax authority for FY2018-19 to FY2022-23. GST demand is Rs 43.65 lakh and penalty is Rs 48.40 lakh, totalling about Rs 92 lakh. Allegations include short payment of tax and excess ITC claim. The order is appealable before the Commissioner (Appeals), Ranchi. Company says there is no material impact on operations.

Likely market impact

Modest tax demand of about Rs 92 lakh; appealable. Company says no material impact on operations or financials.