Tax demand of Rs 1.07 crore dropped in favor of Sanofi India

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SANOFI · price

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

-0.1%Reaction day

₹3081.00

prior close

₹3075.90

announcement price

In-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-0.1%+0.0% vs market

Pharmaceuticals peers, median of 174sector+0.3%-0.4% vs sector

On the reaction day the stock moved in line with Nifty Microcap 250 and 0.4 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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Reaction day

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Next day

-0.7+0.3-1.0+0.1-0.8

-0.8+1.6-2.3+1.1-1.8

+1.9+0.1+1.8-0.1+1.9

+2.0+0.3+1.7+0.0+2.0

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-1.0-0.5-0.5-1.0+0.1

15d

-3.9-2.2-1.7-4.5+0.7

-8.1-6.6-1.6-7.2-0.9

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UpDownMarket · Nifty Microcap 250Sector · Pharmaceuticals peers, median of 174Pending

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

AI summary

State Tax Officer of Tiruvallur dropped a tax demand of Rs 1.07 crore along with interest and penalty against Sanofi India for FY 2022-23. GST proceedings under Section 73 were started over differences in GSTR filings. The company won, no additional dues are pending, and there is no material financial or operational impact.

Likely market impact

Positive outcome for shareholders - tax demand fully dropped in the company's favor with no financial impact.