Announced Fri, 4 Sept · 17:37 IST
GST demand of Rs 12.94 lakh on Nanglamal unit for FY 2022-23
MAWANASUG · price
▲ 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
-2.1%1-day move
₹145.25
prior close
₹147.00
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+1.4+1.2+2.2+0.5-2.1-3.8-6.2-7.8-12.6-13.3————
Up moveDown movePending
AI summary
The Office of the Joint Commissioner (Tax Audit), State Tax, Meerut issued a notice under section 65(6) of the CGST Act after a GST departmental audit for FY 2022-23, raising a demand of Rs 12,94,107 against Mawana Sugars' Nanglamal unit. This includes Rs 10,14,716 as tax and interest of Rs 386, plus Rs 2,79,005 in other amounts. The company says it will file an appeal within the stipulated time.
Likely market impact
Small one-time financial hit; company plans to appeal, so no immediate cash outflow expected unless appeal fails.