GST tax demand of ₹3.76 crore received, double the earlier ₹1.88 crore estimate

Regulatory & Legal View source PDF Explain this filing

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

+0.0%Reaction day

₹99.00

prior close

—

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+0.4%-0.4% vs market

Other Textile Products peers, median of 187sector-0.4%+0.4% vs sector

On the reaction day the stock moved 0.4 pts less than Nifty Microcap 250 and 0.4 pts more than its Other Textile 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

+0.0+0.4-0.4-0.4+0.4

Next day

-2.0+0.5-2.5-0.3-1.7

-1.6+0.6-2.2-0.1-1.5

-3.0+0.7-3.8-0.2-2.9

-0.5+1.1-1.6-0.5+0.0

-6.0+0.5-6.5-0.6-5.4

-3.7+1.3-5.0-0.5-3.2

15d

-6.1+0.5-6.6-0.5-5.6

-8.5-0.8-7.7-2.2-6.3

-23.2-0.9-22.3-3.9-19.4

—————

UpDownMarket · Nifty Microcap 250Sector · Other Textile Products peers, median of 187Pending

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

AI summary

Raghuvir Synthetics received FORM GST DRC-01A from the GST Department on 10 August 2026, alleging irregular availment and utilisation of Input Tax Credit for FY 2020-21 and FY 2021-22. The aggregate demand of tax, interest and penalty is ₹3.76 crore, double the ₹1.88 crore mentioned in the earlier May 2025 disclosure. The company is seeking clarification from the GST authorities and believes the ITC was appropriately availed. No material impact on operations is expected.

Likely market impact

Tax demand doubled to ₹3.76 crore from earlier ₹1.88 crore; company is contesting. No operational impact stated.