RVNL gets Rs 5.56 Crore tax demand notice from Gujarat GST authority 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

+0.6%Reaction day

₹342.60

prior close

₹346.00

announcement price

In-mkt

timing

Nifty Midcap 150market · index membership as recorded later (tracked since Jun 2026)-0.5%+1.1% vs market

Civil Construction peers, median of 97sector-0.2%+0.8% vs sector

On the reaction day the stock moved 1.1 pts more than Nifty Midcap 150 and 0.8 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

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Sessions after the filingfrom the prior close

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Reaction day

+0.6-0.5+1.1-0.2+0.8

Next day

+13.0-0.7+13.8-1.0+14.1

+7.1-1.1+8.2-2.4+9.5

+5.1-1.3+6.4-2.0+7.1

+4.3-0.3+4.6-1.7+6.0

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+5.4+0.9+4.5-1.4+6.8

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-2.3-1.7-0.6-7.0+4.7

-4.9-5.5+0.6-14.0+9.1

-6.2-2.4-3.8-10.6+4.4

-24.5-10.8-13.7-24.3-0.2

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 GST demand notice in form DRC-07 for Rs 5.56 crore from the Assistant Commissioner, Range-2, Division-1, Ahmedabad, Gujarat, relating to FY 2021-22. Order date is 23 December 2025. The company states there is no material impact on financial or operational activities and is filing or has filed an appeal before the appropriate appellate authority.

Likely market impact

Demand is small and company says not material. Outcome of the appeal will decide any real financial hit.