Rashtriya Chemicals and Fertilizers Limited has informed the Exchange about Action(s) initiated or orders passed

Regulatory & Legal View source PDF Explain this filing

RCF · price

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

+2.3%Reaction day

₹145.75

prior close

₹147.00

announcement price

After-mkt

timing

Nifty Microcap 250market · index membership as recorded later (tracked since Jun 2026)+0.9%+1.4% vs market

Fertilizers peers, median of 19sector+0.6%+1.7% vs sector

On the reaction day the stock moved 1.4 pts more than Nifty Microcap 250 and 1.7 pts more than its Fertilizers 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

+0.7

10m

+0.3

15m

+0.3

30m

+0.1

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+2.3+0.9+1.4+0.6+1.7

Next day

+1.1+1.2-0.1-0.7+1.8

-1.1+0.5-1.6-1.1-0.0

-0.6+0.5-1.1-2.4+1.8

-3.1-1.4-1.7-3.3+0.2

-5.7-3.1-2.6-5.2-0.5

-5.6-3.6-2.0-4.7-0.9

15d

-9.7-9.0-0.7-9.4-0.3

-6.7-7.0+0.4-9.8+3.1

-16.6-7.8-8.8-12.1-4.5

-21.2-11.9-9.2-17.2-3.9

UpDownMarket · Nifty Microcap 250Sector · Fertilizers peers, median of 19Pending

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

AI summary

Rashtriya Chemicals and Fertilizers has received a GST order from the Joint Commissioner, GST Mumbai, imposing a total demand of Rs. 8,57,99,275 (approximately Rs. 8.58 crore). This includes a tax demand of Rs. 4.28 crore, an equal penalty of Rs. 4.28 crore, and interest of Rs. 1.56 lakh. The dispute relates to tax on the Reverse Charge Mechanism for the period April 2018 to March 2023. The order was received on December 31, 2025. The company has stated it intends to file an appeal against the order.

Likely market impact

The Rs. 8.58 crore demand is not material relative to RCF's overall scale of operations, but it is a notable tax dispute. Until the appeal outcome, no immediate cash outflow is required, so near-term impact on the stock should be limited. However, if the appeal fails, it could dent earnings by that amount.