Income Tax Penalty of Rs. 67.05 mn for FY 2009-10; Company to Appeal

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MARUTI · price

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

+1.6%Reaction day

₹14147.00

prior close

₹14151.00

announcement price

After-mkt

timing

Nifty 100market+0.6%+1.0% vs market

Passenger Cars & Utility Vehicles peers, median of 6sector+0.7%+0.9% vs sector

On the reaction day the stock moved 1.0 pts more than Nifty 100 and 0.9 pts more than its Passenger Cars & Utility Vehicles 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

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30m

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Sessions after the filingfrom the prior close

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Reaction day

+1.6+0.6+1.0+0.7+0.9

Next day

+1.3+1.3+0.1+2.6-1.3

+1.4+1.6-0.1+0.9+0.6

+2.3+2.2+0.1+0.6+1.8

+2.7+2.0+0.7-0.1+2.8

-1.3-0.1-1.2-4.6+3.3

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15d

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-8.7+1.0-9.7-8.2-0.6

-19.5-5.6-13.9-10.9-8.6

UpDownMarket · Nifty 100Sector · Passenger Cars & Utility Vehicles peers, median of 6Pending

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

AI summary

Maruti Suzuki has received a Penalty Order from the Income Tax Authority under Section 271(1)(c) of the Income Tax Act, 1961 for FY 2009-10. The penalty of Rs. 67.05 million (about Rs. 6.7 crore) relates to certain additions or disallowances made during tax proceedings. The company has stated it will file an appeal against the order and that there is no major impact on its financial, operational, or other activities.

Likely market impact

Penalty is small relative to company size; appeal pending; management says no major impact. Likely minimal stock reaction.