Megastar Foods: update on GST appeal before Commissioner (Appeals), Ludhiana

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MEGASTAR · price

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

+1.1%Reaction day

₹361.85

prior close

₹360.40

announcement price

In-mkt

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Nifty Microcap 250market · in no size index; the smallest one is used+1.0%+0.1% vs market

Other Food Products peers, median of 26sector-0.2%+1.4% vs sector

On the reaction day the stock moved 0.1 pts more than Nifty Microcap 250 and 1.4 pts more than its Other Food Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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Reaction day

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Next day

+2.0+1.2+0.8-0.7+2.8

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UpDownMarket · Nifty Microcap 250Sector · Other Food Products peers, median of 26Pending

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

AI summary

Company disclosed a GST-related appeal update. The tax Department has appealed against dropping of a demand of about Rs 6.22 crore. The company has separately appealed against confirmation of a demand of about Rs 1.83 crore plus interest and penalty. The Commissioner (Appeals), Ludhiana has given the company an opportunity to file a counter reply. The company states there is no immediate financial or operational impact; final impact can be assessed only after the order is passed.

Likely market impact

No immediate financial impact per the company. Outcome of the GST appeal is pending and could affect financials once decided.