GST demand notice for Rs 2.74 crore from Rajasthan tax authority for FY23

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PRINCEPIPE · price

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

-2.5%Reaction day

₹255.25

prior close

₹255.25

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-1.3%-1.2% vs market

Plastic Products - Industrial peers, median of 43sector-1.3%-1.2% vs sector

On the reaction day the stock moved 1.2 pts less than Nifty Microcap 250 and 1.2 pts less than its Plastic Products - Industrial 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

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15m

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30m

-1.4

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-2.5-1.3-1.2-1.3-1.2

Next day

-2.6-1.3-1.4-1.0-1.6

+1.5+0.0+1.5-1.6+3.1

+0.5-0.2+0.7-1.2+1.7

-2.2-3.0+0.8-3.1+0.9

-2.5-2.7+0.2-3.2+0.6

+2.3-1.7+4.0-3.0+5.2

15d

-0.9-8.9+8.0-6.4+5.5

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UpDownMarket · Nifty Microcap 250Sector · Plastic Products - Industrial peers, median of 43Pending

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

AI summary

Prince Pipes received a GST Show Cause cum Demand Notice from the Deputy Commissioner of State GST, Jaipur, dated Sept 29, 2026, for FY 2022-23. Total demand is about Rs 2.74 crore, covering Rs 1.52 crore tax, Rs 96 lakh interest, and Rs 26 lakh penalty. Allegations are excess outward tax in E-way Bills versus GSTR3B and excess ITC claimed not confirmed in GSTR 2A/2B. It plans to submit its reply and views the demand as not maintainable. No material financial or operational impact is expected.

Likely market impact

Tax dispute, not seen as material. Company plans to contest the demand. No immediate hit to financials or operations expected.