GST Show Cause Notice proposing demand of Rs 6.19 crore for FY 2022-23

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NGLFINE · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

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

-5.8%Reaction day

₹2881.00

prior close

₹2906.10

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-1.6%-4.3% vs market

Pharmaceuticals peers, median of 172sector-1.5%-4.4% vs sector

On the reaction day the stock moved 4.3 pts less than Nifty Microcap 250 and 4.4 pts less than its Pharmaceuticals 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

-1.6

10m

-1.3

15m

-2.6

30m

-3.0

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-5.8-1.6-4.3-1.5-4.4

Next day

-1.4-0.6-0.8-1.0-0.5

+0.7-0.8+1.5-1.9+2.6

+0.7-2.1+2.8-2.5+3.1

+4.8-2.1+6.9-3.4+8.2

+8.7-0.8+9.5-2.4+11.1

+5.6-3.8+9.4-4.3+9.9

15d

-8.4-6.9-1.5-7.8-0.6

-9.8-8.0-1.8-6.4-3.4

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UpDownMarket · Nifty Microcap 250Sector · Pharmaceuticals peers, median of 172Pending

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

AI summary

NGL Fine-Chem received a GST Show Cause Notice dated September 22, 2026 from the Maharashtra GST Department for FY 2022-23. Total proposed demand of Rs 6.19 crore (tax Rs 3.04 crore, interest Rs 2.66 crore, penalty Rs 0.48 crore). Allegations: short tax payment (Rs 18.31 lakh) and ineligible input tax credit (Rs 2.86 crore). Personal hearing set for October 22, 2026. Company will reply, says no material impact expected.

Likely market impact

Show Cause Notice of Rs 6.19 crore proposed; company expects no material impact and plans to reply at the October 22 hearing.