RPG Life Sciences receives GST order from Maharashtra demanding about Rs 1.08 crore

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Pharmaceuticals peers, median of 156sector-0.2%-1.2% vs sector

On the reaction day the stock moved 1.4 pts less than Nifty Microcap 250 and 1.2 pts less than its Pharmaceuticals 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

RPG Life Sciences received a GST order from the Maharashtra State Tax Officer for the tax period April 2021 to March 2022. Total demand is Rs 1.08 crore, which includes tax of Rs 52.85 lakh, interest of Rs 44.40 lakh, and penalty of Rs 10.57 lakh. The company is reviewing the order and will seek appropriate legal remedy to contest the demand. It does not foresee any material financial impact from the order.

Likely market impact

Company plans to contest the Rs 1.08 crore GST demand; management says no material financial impact is expected.