GST Department appeals against earlier order in Patel Logistics case

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PATINTLOG · price

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

-3.3%Reaction day

₹15.35

prior close

₹15.29

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+0.6%-3.9% vs market

Logistics Solution Provider peers, median of 43sector+0.0%-3.3% vs sector

On the reaction day the stock moved 3.9 pts less than Nifty Microcap 250 and 3.3 pts less than its Logistics Solution Provider 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

-1.8

10m

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15m

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30m

-0.5

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-3.3+0.6-3.9+0.0-3.3

Next day

-2.1+0.2-2.3+0.0-2.1

-5.9-0.9-5.0-0.5-5.4

-3.1-0.3-2.8+0.0-3.1

-4.4+0.0-4.5-0.5-3.9

-5.7-1.1-4.5-1.9-3.8

-9.2-1.4-7.8-2.1-7.1

15d

-4.9+2.7-7.6-0.3-4.6

-10.7+3.6-14.3+1.9-12.6

-12.8+2.0-14.7-1.7-11.1

-17.3+1.1-18.3-3.4-13.8

UpDownMarket · Nifty Microcap 250Sector · Logistics Solution Provider peers, median of 43Pending

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

AI summary

Patel Integrated Logistics has informed exchanges that the GST Department has filed an appeal with the Commissioner of CGST and Central Excise (Appeals), Thane, against an earlier Order-in-Original dated February 4, 2025, passed by DGGI Mumbai. The company is taking appropriate legal steps. This is a follow-up to a disclosure made on February 5, 2025.

Likely market impact

Tax dispute continues. The department's appeal extends the legal process, creating uncertainty on potential tax liability.