Disclosure regarding order to drop the demand of Service Tax and CENVAT.

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₹51.95

prior close

₹50.73

announcement price

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Nifty Microcap 250market · in no size index; the smallest one is used-2.1%+2.6% vs market

Logistics Solution Provider peers, median of 46sector-0.6%+1.1% vs sector

On the reaction day the stock moved 2.6 pts more than Nifty Microcap 250 and 1.1 pts more than its Logistics Solution Provider peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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UpDownMarket · Nifty Microcap 250Sector · Logistics Solution Provider peers, median of 46Pending

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AI summary

Neptune Logitek received an order dated January 22, 2026 from the Commissioner of Central Goods & Service Tax, Kutch (Gandhidham) on a show cause notice originally issued on October 13, 2017. The original gross demand was Rs. 38.33 crore (Rs. 26.78 crore Service Tax + Rs. 11.56 crore CENVAT). The authority has dropped almost the entire demand — Rs. 26.77 crore of Service Tax and the full Rs. 11.56 crore of CENVAT. Only Rs. 63,751 of Service Tax needs to be recovered, along with a small late filing fee of Rs. 12,200. The total outgo with interest and penalty comes to just Rs. 2,41,066, which the company says is not financially significant.

Likely market impact

This is a positive outcome for shareholders — the company has been let off on a demand of nearly Rs. 38 crore and now only needs to pay a negligible Rs. 2.41 lakh. The resolution removes a long-pending tax overhang and should be viewed favourably by the market.