Matrimony.Com Limited has informed the Exchange about Action(s) taken or orders passed

MATRIMONY · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reaction · full curve 14 horizons · vs prior close

+0.2%1-day move

₹431.70

prior close

₹437.95

base price

After-mkt

timing

5m10m15m30m1D2D3D4D5D7D15D1M2M3M

-1.8-2.3-2.6-2.7+0.2+2.1+0.5+0.5-1.6+4.5+0.3-0.4-6.4+4.0

Up moveDown movePending

AI summary

Matrimony.Com Limited has received orders from GST departments in Tamil Nadu, Kerala, Maharashtra, and Karnataka imposing penalties totaling Rs. 10.24 crore under Section 74 of the CGST Act 2017. The violations relate to blocked input tax credit, excess distribution of common input services under ISD, and ineligible ITC claims during the period April 2019 to March 2023. The company also faces tax demands of Rs. 10.23 crore and interest demands of Rs. 9.13 crore in Tamil Nadu and Rs. 51.52 lakh in Kerala. The company states there is no material impact on financials or operations and plans to file appeals, believing it has a strong case based on expert legal opinion.

Likely market impact

While the total penalty and demand amount exceeds Rs. 20 crore, the company claims no material financial impact. However, the multi-state nature of the penalties and ongoing tax disputes could create uncertainty. The company plans to contest these orders legally.