GST authorities conducted inspection at Rubicon Research offices

Enforcement RaidRegulatory & Legal View source PDF Explain this filing

RUBICON · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

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

+0.9%Reaction day

₹684.00

prior close

₹675.65

announcement price

After-mkt

timing

Nifty Microcap 250market · index membership as recorded later (tracked since Jun 2026)-1.3%+2.1% vs market

Pharmaceuticals peers, median of 155sector-0.6%+1.5% vs sector

On the reaction day the stock moved 2.1 pts more than Nifty Microcap 250 and 1.5 pts more than its Pharmaceuticals 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

-0.4

10m

-0.2

15m

+0.1

30m

+1.1

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+0.9-1.3+2.1-0.6+1.5

Next day

+6.0+2.4+3.6+1.4+4.6

+13.9+3.8+10.2+1.6+12.4

+14.8+2.7+12.0+0.8+14.0

+14.5+1.9+12.6+0.4+14.1

+14.6+4.6+10.1+2.2+12.5

+14.2+5.1+9.2+2.5+11.8

15d

+14.0+2.1+12.0+0.5+13.6

+12.9-2.1+15.0-1.9+14.7

+13.3-6.4+19.7-6.5+19.8

+42.5+9.5+33.0+3.1+39.4

UpDownMarket · Nifty Microcap 250Sector · Pharmaceuticals peers, median of 155Pending

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

AI summary

On January 30, 2026, GST authorities commenced inspection and search proceedings under Section 67 of the Maharashtra GST Act at Rubicon Research's offices in Thane and Ambernath. The company is fully cooperating and providing all required information. Business operations continued as usual with no disruption. Based on initial assessment, the company does not expect any material impact on its financials or operations.

Likely market impact

Routine tax inspection; company says no material financial or operational impact expected and operations are running normally.