GST appeal rejected for FY22-23 and FY23-24; company to approach higher forum

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Price reactionminutes from the announcement price · days from the prior close

-0.5%Reaction day

₹35.00

prior close

₹37.00

announcement price

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Nifty Microcap 250market · in no size index; the smallest one is used-1.6%+1.1% vs market

Packaging peers, median of 64sector-0.9%+0.4% vs sector

On the reaction day the stock moved 1.1 pts more than Nifty Microcap 250 and 0.4 pts more than its Packaging peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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UpDownMarket · Nifty Microcap 250Sector · Packaging peers, median of 64Pending

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AI summary

Raj Packaging filed GST appeals on 19 July 2025 before the Telangana Appellate Authority disputing tax demands for FY 2022-23 and FY 2023-24. Both appeals were rejected on 22 September 2026 under Section 107 of the CGST/TGST Act. The company disagrees with the findings and plans to challenge the orders before a higher appellate judicial forum.

Likely market impact

Negative. GST demand upheld at first appellate level. Company plans further appeal. Financial impact depends on higher forum outcome.