Madhav Copper Limited has informed the Exchange about Action(s) initiated or orders passed

Regulatory & Legal View source PDF Explain this filing

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

-3.0%Reaction day

₹58.90

prior close

₹57.25

announcement price

In-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+0.1%-3.1% vs market

Aluminium Copper & Zinc Products peers, median of 6sector+1.0%-4.0% vs sector

On the reaction day the stock moved 3.1 pts less than Nifty Microcap 250 and 4.0 pts less than its Aluminium Copper & Zinc Products 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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10m

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15m

+1.2

30m

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Sessions after the filingfrom the prior close

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Reaction day

-3.0+0.1-3.1+1.0-4.0

Next day

-3.1-0.2-2.9+0.5-3.7

-0.7+0.3-1.0+1.7-2.4

+0.5+0.9-0.3+0.9-0.4

-3.2+0.8-4.0+2.5-5.7

-1.7+2.2-3.8+3.6-5.2

+2.7+3.4-0.7+1.8+0.9

15d

-3.0-0.8-2.2+0.7-3.6

-6.8+2.9-9.7+6.9-13.7

-17.1+0.8-17.9-4.1-13.0

-18.9+0.0-18.9-6.1-12.8

UpDownMarket · Nifty Microcap 250Sector · Aluminium Copper & Zinc Products peers, median of 6Pending

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

AI summary

Madhav Copper Limited has received an intimation order dated May 30, 2025 from the Assistant Commissioner, State Tax, Gujarat, under Section 73(5)/74(5) of the GST Act, 2017, for financial year 2021-22. The order alleges that the company wrongly availed input tax credit and raises a total demand of Rs. 31,08,63,584 (about Rs. 31.09 crore) along with applicable interest and penalty. The company has stated it disagrees with the order and plans to file a reply or take appropriate legal action. Management has clarified that there is no material impact on the company's financial or operational activities from this order.

Likely market impact

This is a tax dispute, not a confirmed liability. The Rs. 31 crore demand (if upheld) could affect future earnings, but the company is contesting it. Short-term sentiment may be mildly negative, though the company claims no material financial impact.