Nureca resolves GST dispute for FY 2021-22, pays Rs 15.4 lakh

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NURECA · price

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

+2.2%Reaction day

₹337.75

prior close

₹340.25

announcement price

In-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+0.0%+2.2% vs market

Medical Equipment & Supplies peers, median of 12sector-0.4%+2.6% vs sector

On the reaction day the stock moved 2.2 pts more than Nifty Microcap 250 and 2.6 pts more than its Medical Equipment & Supplies 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

-0.3

10m

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15m

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30m

-0.7

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+2.2+0.0+2.2-0.4+2.6

Next day

+2.1-0.0+2.2-0.5+2.7

-4.0-0.2-3.8-2.5-1.5

+0.8+0.2+0.6-2.4+3.1

+2.3+0.3+2.0-1.9+4.2

+2.4+0.4+2.0+0.0+2.4

-2.9+0.9-3.8-1.9-1.0

15d

-2.3+1.6-3.9+1.2-3.5

-5.0+2.0-7.0-1.6-3.4

-0.5+0.6-1.1-6.2+5.7

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UpDownMarket · Nifty Microcap 250Sector · Medical Equipment & Supplies peers, median of 12Pending

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

AI summary

Nureca Limited has closed a pending GST dispute for tax period 2021-22 after receiving a Final Order of Rectification under Section 161 of the CGST Act, 2017. The matter was disposed of upon payment of dues through reversal of Input Tax Credit of Rs 15,40,311. No further demand remains from the tax authority.

Likely market impact

Closure removes a pending tax overhang. The Rs 15.4 lakh payment is small and not material to company financials.