Income tax demand reduced from Rs 109.74 crore to Rs 6.89 crore

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

+5.7%Reaction day

₹19.32

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Nifty Microcap 250market · in no size index; the smallest one is used+1.4%+4.3% vs market

Civil Construction peers, median of 96sector+2.0%+3.7% vs sector

On the reaction day the stock moved 4.3 pts more than Nifty Microcap 250 and 3.7 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.

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Reaction day

+5.7+1.4+4.3+2.0+3.7

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+11.0+1.7+9.3+1.9+9.1

+16.5+3.9+12.5+3.2+13.3

+16.8pendingpending+5.1+11.7

+12.9pendingpending+4.7+8.2

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AI summary

The company's income tax appeals were allowed, reducing the total demand from Rs 109.74 crore to Rs 6.89 crore. This covers earlier demands of Rs 100.61 crore, Rs 6.53 crore and Rs 2.60 crore, and updates disclosures made in March 2025.

Likely market impact

Positive: potential tax exposure falls by Rs 102.85 crore, easing the company's financial burden. The stock impact depends on the remaining demand.