Demand Notice received from the Office of the Deputy Commissioner of State Tax, Pune, Maharashtra

Regulatory & Legal View source PDF Explain this filing

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

+2.6%Reaction day

₹381.65

prior close

₹389.00

announcement price

In-mkt

timing

Nifty Midcap 150market · index membership as recorded later (tracked since Jun 2026)+1.2%+1.3% vs market

Civil Construction peers, median of 85sector+0.9%+1.7% vs sector

On the reaction day the stock moved 1.3 pts more than Nifty Midcap 150 and 1.7 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

-0.1

10m

+0.1

15m

+0.1

30m

+0.5

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+2.6+1.2+1.3+0.9+1.7

Next day

+2.5+1.7+0.9+0.3+2.2

+4.5+2.4+2.2+2.1+2.4

+4.5+2.9+1.6+3.4+1.2

+4.7+3.5+1.3+3.4+1.4

+3.7+3.9-0.2+3.9-0.2

+3.7+4.4-0.8+3.6+0.1

15d

-0.2+2.9-3.1+3.1-3.3

-0.8+4.6-5.4+2.9-3.7

-13.3+2.6-15.9-0.7-12.5

-5.8+3.6-9.4-0.4-5.4

UpDownMarket · Nifty Midcap 150Sector · Civil Construction peers, median of 85Pending

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

AI summary

RVNL has received a tax demand order (DRC-07) from the Office of the Deputy Commissioner of State Tax, Pune West, Maharashtra, dated 19.06.2025, for FY 2021-22. The total demand is Rs. 1.99 Lakhs. The company has stated there is no material impact on its financial position, operations, or other activities. RVNL plans to challenge the order before the appropriate jurisdictional/tax authorities.

Likely market impact

The demand amount is negligible (Rs. 1.99 Lakhs) relative to RVNL's size, and the company has confirmed no material financial or operational impact. Shareholders are unlikely to see any meaningful effect on the stock price from this notice.