Sai Life Sciences receives GST order with about 70 lakh penalty demand

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SAILIFE · price

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

-0.2%Reaction day

₹872.50

prior close

₹870.75

announcement price

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Nifty Smallcap 250market · index membership as recorded later (tracked since Jun 2026)+0.2%-0.3% vs market

Pharmaceuticals peers, median of 157sector+0.0%-0.2% vs sector

On the reaction day the stock moved 0.3 pts less than Nifty Smallcap 250 and 0.2 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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UpDownMarket · Nifty Smallcap 250Sector · Pharmaceuticals peers, median of 157Pending

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

AI summary

On 12 Nov 2025, Assistant Commissioner Central Tax, Pimpri passed an order under Section 74 of CGST Act against Sai Life Sciences. Demand includes IGST of about 70 lakh plus interest, and a penalty of about 70 lakh. Reason: alleged excess ITC claim and mismatch in B2B data with sale or purchase register on govt portal for FY 2018-19 to 2021-22. Company will file rectification application and expects no material financial impact.

Likely market impact

Company is contesting the order via rectification; expects no material impact. Combined demand is about 1.4 crore plus interest.