Orkla India: GST appeal dismissed, demand of Rs.62.69 lakh confirmed

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ORKLAINDIA · price

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

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₹593.00

prior close

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announcement price

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Nifty Microcap 250market · index membership as recorded later (tracked since Jun 2026)+1.6%+0.3% vs market

Other Food Products peers, median of 25sector+0.0%+1.9% vs sector

On the reaction day the stock moved 0.3 pts more than Nifty Microcap 250 and 1.9 pts more than its Other Food Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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AI summary

Orkla India received an order on January 21, 2026 from the GST Appellate Authority in Mumbai confirming a demand of Rs.62.69 lakh for FY 2020-21 to 2022-23. This includes GST dues of Rs.31.34 lakh and an equal penalty of Rs.31.34 lakh. The issue relates to non-reversal of input tax credit on damaged stock returns. The Company's appeal has been dismissed. It is evaluating further legal options.

Likely market impact

Small amount relative to company size. Further legal action likely; limited near-term share price impact expected.