Sapphire Foods India Limited has informed the Exchange about Action(s) taken or orders passed

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

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₹259.00

prior close

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announcement price

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Nifty Smallcap 250market · index membership as recorded later (tracked since Jun 2026)-0.1%+2.0% vs market

Restaurants peers, median of 10sector-1.1%+3.0% vs sector

On the reaction day the stock moved 2.0 pts more than Nifty Smallcap 250 and 3.0 pts more than its Restaurants 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

Sapphire Foods India has received a demand order worth INR 203.25 million from the Central GST Commissionerate in Rohtak, Haryana, dated 31st December 2025. This follows a show cause notice from June 2025 regarding alleged excess Input Tax Credit (ITC) availed compared to GSTR2A for the period April 2018 to March 2022. The demand includes a tax liability of INR 101.62 million and an equal amount of penalty. The company has stated that the claim is not maintainable, plans to evaluate and contest the order, and asserts there is no material impact on its financials or operations.

Likely market impact

Despite the sizable demand, management believes the order is unjustified and will contest it. Investors should watch for further updates on the company's response, though the company claims no material financial or operational impact at this stage.