Navneet Education gets GST summons over Rs 81.94 lakh ITC inquiry

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

+0.7%Reaction day

₹149.00

prior close

₹150.24

announcement price

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Nifty Microcap 250market · in no size index; the smallest one is used+1.4%-0.7% vs market

Stationary peers, median of 8sector-0.4%+1.0% vs sector

On the reaction day the stock moved 0.7 pts less than Nifty Microcap 250 and 1.0 pts more than its Stationary 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

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AI summary

Navneet Education received a summons from the State Tax Officer in Mohali under Section 70 of the CGST Act, 2017 and Punjab GST Act, 2017. The inquiry relates to an Input Tax Credit balance of about Rs 81.94 lakh and the Electronic Credit Ledger. The company has been asked to appear on July 16, 2026. No demand, liability, penalty or adverse order has been passed. The company is cooperating and furnishing documents.

Likely market impact

Routine GST inquiry at this stage; no financial demand or penalty imposed yet. Watch for further updates from the company.