Pfizer gets Rs 1.27 cr GST demand order for FY22; to appeal

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

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₹5045.00

prior close

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announcement price

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Nifty Smallcap 250market · index membership as recorded later (tracked since Jun 2026)-0.2%+0.3% vs market

Pharmaceuticals peers, median of 153sector-0.6%+0.7% vs sector

On the reaction day the stock moved 0.3 pts more than Nifty Smallcap 250 and 0.7 pts more than its Pharmaceuticals peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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UpDownMarket · Nifty Smallcap 250Sector · Pharmaceuticals peers, median of 153Pending

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

AI summary

Pfizer received a GST order from the Joint Commissioner in Lucknow for FY 2021-22, raising a tax demand of Rs 1.15 crore plus a penalty of Rs 11.53 lakh, totaling Rs 1.27 crore plus interest. The demand relates to denial of input tax credit. The company says the order is not maintainable and plans to file an appeal, adding it has no material impact on financials or operations.

Likely market impact

Small one-time GST demand; company plans to appeal and says it has no material impact on financials or operations.