Disclosure of dropping of demand by the Commissioner (Appeals) GST, CX & Customs, Bhubaneswar, Odisha

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Nifty Microcap 250market · in no size index; the smallest one is used+0.0%+0.2% vs market

Iron & Steel Products peers, median of 92sector-0.2%+0.5% vs sector

On the reaction day the stock moved 0.2 pts more than Nifty Microcap 250 and 0.5 pts more than its Iron & Steel Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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AI summary

Rathi Steel & Power Ltd received a favorable order from the Commissioner (Appeals) GST, CX & Customs, Bhubaneswar, dated January 6, 2026, which allowed the company's appeal and dropped an earlier GST demand of ₹2,57,90,498 (approx. ₹2.57 crore) along with a 10% penalty and applicable interest. The original demand was issued on February 25, 2025 by the Additional Commissioner, GST & Central Excise, Rourkela, under Section 73(9) of the CGST/OGST Act, 2017. The company had contested the demand through the appellate process, and the full relief means no penalty, no interest, and no financial outflow on this matter.

Likely market impact

Positive for shareholders — the company has successfully defended itself against a ₹2.57 crore tax demand, removing a potential liability from its books and avoiding any operational or financial impact from this order.