GST appeal setback on INR 2.03 Crore ITC disallowance

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

-0.4%Reaction day

₹7.91

prior close

₹7.85

announcement price

After-mkt

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Nifty Microcap 250market · in no size index; the smallest one is used-0.1%-0.3% vs market

Residential Commercial Projects peers, median of 66sector+0.8%-1.2% vs sector

On the reaction day the stock moved 0.3 pts less than Nifty Microcap 250 and 1.2 pts less than its Residential Commercial Projects 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

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Sessions after the filingfrom the prior close

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Reaction day

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Next day

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UpDownMarket · Nifty Microcap 250Sector · Residential Commercial Projects peers, median of 66Pending

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AI summary

Nila Infrastructures received an adverse order from the Central GST Appellate Commissioner in Ahmedabad. The appeal filed by the company against disallowance of Input Tax Credit was set aside. The order, dated 18 June 2026, involves a total tax liability of INR 2.03 Crore. The company plans to challenge the order further before relevant authorities. Management states there is no material impact on financials or operations.

Likely market impact

Minor setback on INR 2.03 Crore GST demand. Company will appeal further. Management says no material impact.