Tax assessment notice of Rs 3.27 Cr for AY 2008-09 to 2014-15

Regulatory & Legal View source PDF Explain this filing

MUNJALSHOW · price

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

+0.5%Reaction day

₹128.97

prior close

₹128.50

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+0.3%+0.2% vs market

Auto Components & Equipments peers, median of 125sector+0.3%+0.2% vs sector

On the reaction day the stock moved 0.2 pts more than Nifty Microcap 250 and 0.2 pts more than its Auto Components & Equipments 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

+0.2

10m

+0.3

15m

+0.3

30m

-0.8

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+0.5+0.3+0.2+0.3+0.2

Next day

-4.0-1.3-2.7-1.4-2.6

-2.8-0.3-2.6-1.4-1.4

-2.7-0.6-2.1-1.1-1.6

-3.5-1.8-1.6-3.3-0.1

-3.2-1.8-1.3-4.1+1.0

-2.4-0.8-1.6-2.9+0.5

15d

-7.7-4.1-3.6-5.8-2.0

-7.0-9.4+2.4-9.2+2.2

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UpDownMarket · Nifty Microcap 250Sector · Auto Components & Equipments peers, median of 125Pending

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

AI summary

Munjal Showa received a Notice of Assessment of Rs 3.27 Crore from the Excise and Taxation Officer, Gurugram under the Haryana Entry of Goods Tax Act for Assessment Years 2008-09 to 2014-15. Year-wise assessments range from Rs 0.33 Crore to Rs 0.63 Crore. The company believes the assessments are not maintainable and is evaluating legal remedies. It stated no material impact is expected on financials, operations or activities.

Likely market impact

Contested tax notice; no material impact expected by company. Outcome of legal remedy to be watched.