Prostarm Info Systems Limited has informed the Exchange about Action(s) initiated or orders passed

Regulatory & Legal View source PDF Explain this filing

PROSTARM · price

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▲ 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

+6.4%Reaction day

₹143.60

prior close

₹147.73

announcement price

In-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+0.1%+6.4% vs market

Other Electrical Equipment peers, median of 37sector+0.0%+6.4% vs sector

On the reaction day the stock moved 6.4 pts more than Nifty Microcap 250 and 6.4 pts more than its Other Electrical Equipment 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

+0.8

10m

+0.1

15m

+0.6

30m

+2.2

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+6.4+0.1+6.4+0.0+6.4

Next day

+4.5-0.1+4.6-0.6+5.0

+0.8-0.0+0.9-1.0+1.9

+5.9+0.4+5.5-0.9+6.8

+7.9-0.1+8.0-2.1+10.0

+15.6-0.2+15.8-2.2+17.8

+49.8+0.6+49.2-1.6+51.4

15d

+52.3+1.5+50.8-1.0+53.3

+57.5-2.7+60.1-5.0+62.4

+33.0-3.8+36.8-4.6+37.6

+38.6-4.1+42.7-0.0+38.6

UpDownMarket · Nifty Microcap 250Sector · Other Electrical Equipment peers, median of 37Pending

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

AI summary

Prostarm Info Systems has received a Show Cause Notice (SCN) in form DRC-01 from the Additional Commissioner, GST Department of Maharashtra on June 30, 2025. The notice pertains to the period April 2018 to March 2019 and raises a demand of ₹1,46,04,810 (approximately ₹1.46 crore) including interest and penalty. The allegation relates to the alleged availment of Input GST credit on certain transactions. The company has stated that it will challenge the notice by filing a reply based on strong merits.

Likely market impact

This is a tax-related matter and not a SEBI regulatory action. The demand of ~₹1.46 crore is modest relative to most listed companies, and the company intends to contest it. Shareholders should watch for the outcome of the reply, but there is no immediate material financial impact unless the demand is upheld.