NBCC faces CGST demand of about Rs 80 crore plus interest on overseas projects

Litigation lossRegulatory & Legal View source PDF Explain this filing

NBCC · price

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

-4.2%Reaction day

₹99.30

prior close

₹99.00

announcement price

After-mkt

timing

Nifty Smallcap 250market · index membership as recorded later (tracked since Jun 2026)-1.9%-2.2% vs market

Civil Construction peers, median of 95sector-1.9%-2.3% vs sector

On the reaction day the stock moved 2.2 pts less than Nifty Smallcap 250 and 2.3 pts less than its Civil Construction 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

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15m

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Sessions after the filingfrom the prior close

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Reaction day

-4.2-1.9-2.2-1.9-2.3

Next day

-1.9-1.7-0.1-1.7-0.2

+0.5+0.1+0.4-0.2+0.6

+0.0+0.1-0.1-1.6+1.6

-0.3+0.9-1.2-0.6+0.4

-2.0-0.7-1.3-1.6-0.4

+4.7+3.0+1.8+1.5+3.2

15d

+0.7+2.3-1.6+0.7-0.0

-3.7+2.6-6.3-2.1-1.6

-20.4-8.9-11.5-14.4-6.0

-6.1+6.2-12.4+3.5-9.6

UpDownMarket · Nifty Smallcap 250Sector · Civil Construction peers, median of 95Pending

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

AI summary

NBCC received CGST orders demanding tax, penalty and interest for two overseas projects where it acted as Project Management Consultant. Total demand with penalty is about Rs 79.95 crore plus interest. Issues involve ITC apportionment and reversal. Orders received late December 2025. Company is filing appeal and says no material impact on financials or operations is expected.

Likely market impact

Combined tax demand of around Rs 95 crore with interest. Company to appeal, says no material impact. Watch outcome.