Nila Infrastructures Limited has informed the Exchange regarding 'update'.

NILAINFRA · price

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

Price reaction · full curve 14 horizons · vs prior close

-1.5%1-day move

₹7.14

prior close

₹7.25

base price

After-mkt

timing

5m10m15m30m1D2D3D4D5D7D15D1M2M3M

-1.9-2.5-2.6-2.6-1.5+2.7-1.3-0.8-4.1-3.4+18.5+18.6+10.9+11.5

Up moveDown movePending

AI summary

Nila Infrastructures has won its appeal against the CGST Department in Jodhpur. The Commissioner (Appeals) CGST Jodhpur, vide order dated 27 February 2025 (received on 13 March 2025), allowed the company's appeal and set aside the earlier order passed by the Assistant Commissioner CGST Jodhpur. The original order had disallowed Input Tax Credit (ITC) of Rs 50,50,133 and imposed an equivalent penalty of Rs 50,50,133, along with interest, alleging wrongful availment in TRAN-1 under Sections 140(3) and 142(11)(c) of the CGST Act, 2017. With the appellate order in its favour, the company is no longer required to pay the disallowed ITC amount, penalty, or interest. The matter stands fully closed.

Likely market impact

Positive for shareholders — the company is relieved of a disputed tax demand of roughly Rs 50.5 lakh plus an equal penalty and interest, removing a tax liability overhang. The closure eliminates earnings risk from this particular dispute.