Tax proceedings dropped: no payment required on ITC claim

Regulatory & Legal View source PDF Explain this filing

OMPOWER · price

Loading chart…

▲ 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

+0.0%Reaction day

₹169.99

prior close

₹169.70

announcement price

In-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+0.4%-0.4% vs market

Civil Construction peers, median of 99sector+0.0%+0.0% vs sector

On the reaction day the stock moved 0.4 pts less than Nifty Microcap 250 and in line with its Civil Construction 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

—

10m

—

15m

—

30m

—

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+0.0+0.4-0.4+0.0+0.0

Next day

+0.4+1.7-1.3+0.5-0.1

-2.3+0.2-2.5-1.0-1.3

-1.4+0.5-1.9-0.8-0.6

-3.7-1.1-2.6-2.6-1.1

-3.9-0.1-3.8-2.2-1.6

-7.1-1.6-5.4-4.5-2.6

15d

-4.6-1.4-3.2-3.2-1.3

-20.6-7.4-13.2-10.0-10.6

—————

UpDownMarket · Nifty Microcap 250Sector · Civil Construction peers, median of 99Pending

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

AI summary

OM Power Transmission received an order from the State Tax Authority, Ahmedabad on September 21, 2026. The Authority dropped proceedings related to alleged excess Input Tax Credit of about Rs. 1.12 crore for FY 2022-23. The company is not required to pay the ITC amount or the related interest and penalty of about Rs. 89.22 lakh.

Likely market impact

Positive: tax matter resolved in the company's favour with no financial liability arising.