Mawana Sugars unit gets GST demand of about Rs 9.7 lakh, to appeal

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MAWANASUG · price

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

-1.0%Reaction day

₹84.80

prior close

₹85.03

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+1.4%-2.3% vs market

On the reaction day the stock moved 2.3 pts less than Nifty Microcap 250, 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

-0.6

10m

-1.2

15m

-1.3

30m

-1.2

Sessions after the filingfrom the prior close

StockMarketvs market

Reaction day

-1.0+1.4-2.3

Next day

-0.6+1.4-2.0

-1.3+0.9-2.2

+5.0+0.3+4.7

+5.8-0.4+6.3

+5.3-0.5+5.8

+3.8+1.1+2.7

15d

-3.0-2.5-0.5

-4.7-6.1+1.4

-8.6-2.8-5.8

-4.5-14.9+10.5

UpDownMarket · Nifty Microcap 250Pending

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

AI summary

Mawana Sugars' Mawana unit received a GST demand notice on 18 Dec 2025 from the Central GST Superintendent, Muzaffarnagar. The demand of Rs 4,84,742 plus applicable interest and an equal penalty of Rs 4,84,742 relates to allegedly wrong Input Tax Credit for FY 2018-19. No restrictions or sanctions were imposed. The company states the demand is not sustainable and is filing an appeal before the Commissioner, Central GST, Meerut.

Likely market impact

Total exposure under Rs 10 lakh plus interest, no operational impact, company contesting through appeal.