Demand notice of Rs. 3.64 Crore from Karnataka tax authorities for FY 2021-22

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RVNL · 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

+3.1%Reaction day

₹332.25

prior close

₹342.60

announcement price

In-mkt

timing

Nifty Midcap 150market · index membership as recorded later (tracked since Jun 2026)+0.1%+3.0% vs market

Civil Construction peers, median of 97sector+0.2%+2.9% vs sector

On the reaction day the stock moved 3.0 pts more than Nifty Midcap 150 and 2.9 pts more than its Civil Construction 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

+0.4

10m

+0.8

15m

+1.6

30m

+1.4

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+3.1+0.1+3.0+0.2+2.9

Next day

+3.7-0.4+4.1-0.0+3.8

+16.6-0.6+17.2-0.5+17.1

+10.4-1.0+11.4-1.7+12.1

+8.4-1.2+9.5-1.7+10.1

+7.5-0.2+7.7-1.3+8.8

+9.9+1.1+8.8+0.1+9.8

15d

+1.9-1.6+3.5-6.3+8.2

-2.2-5.9+3.7-12.2+10.0

-3.6-2.0-1.6-11.1+7.5

-24.8-12.9-11.9-22.7-2.1

UpDownMarket · Nifty Midcap 150Sector · Civil Construction peers, median of 97Pending

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

AI summary

RVNL received a tax demand notice of Rs. 3.64 Crore from the Office of the Deputy Commissioner DGSTO-1, Bengaluru, Karnataka for FY 2021-22 under order dated 22.12.2025. The company says there is no material impact on its financials or operations. RVNL is filing appeals with the appropriate appellate authorities as the orders are challengeable.

Likely market impact

Small tax demand relative to company size, no material impact claimed by management, appeals being filed. Watch outcome.