Company files GST appeal at Ahmedabad tribunal

Regulatory & Legal View source PDF Explain this filing

PANCHMAHQ · 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

-2.5%Reaction day

₹295.00

prior close

—

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-1.3%-1.3% vs market

Iron & Steel Products peers, median of 106sector-1.9%-0.6% vs sector

On the reaction day the stock moved 1.3 pts less than Nifty Microcap 250 and 0.6 pts less than its Iron & Steel Products 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

-2.5-1.3-1.3-1.9-0.6

Next day

—-1.3—-2.7—

+5.0+0.0+5.0-1.4+6.4

+0.5-0.2+0.7-1.4+1.9

-6.2-3.0-3.2-4.2-2.0

-6.2-2.7-3.5-3.1-3.1

-2.0-1.7-0.3-2.8+0.8

15d

-12.0-8.9-3.1-10.6-1.4

—————

UpDownMarket · Nifty Microcap 250Sector · Iron & Steel Products peers, median of 106Pending

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

AI summary

Panchmahal Steel has filed an appeal before the Goods and Services Tax Appellate Tribunal (GSTAT) in Ahmedabad against two orders dated 7 July 2026 passed by the Deputy Commissioner of State Tax, Appeal-5, Vadodara. These orders relate to GST proceedings under Sections 73 and 74 of the CGST, IGST and SGST Acts. This is a continuation of earlier communication dated 14 July 2026. The company is contesting the orders and no settlement details are disclosed.

Likely market impact

Ongoing tax dispute; tribunal ruling could impact financials depending on outcome.