Show cause notice from Tamil Nadu GST authority for about 214.65 million rupees

Regulatory & Legal View source PDF Explain this filing

SAPPHIRE · 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

-2.8%Reaction day

₹237.78

prior close

₹235.19

announcement price

After-mkt

timing

Nifty Smallcap 250market+0.8%-3.6% vs market

Restaurants peers, median of 11sector+0.1%-2.9% vs sector

On the reaction day the stock moved 3.6 pts less than Nifty Smallcap 250 and 2.9 pts less than its Restaurants 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

-0.5

10m

-0.5

15m

-0.0

30m

+0.1

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-2.8+0.8-3.6+0.1-2.9

Next day

-4.7-0.6-4.1-1.7-3.1

-6.2-0.6-5.7-2.0-4.2

-8.9-2.2-6.7-2.6-6.3

-11.2-2.8-8.4-2.0-9.2

-11.3-2.5-8.8-5.4-5.9

-10.6-3.3-7.3-8.0-2.6

15d

-17.5-3.5-14.0-3.9-13.6

-17.6-10.3-7.3-14.9-2.7

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UpDownMarket · Nifty Smallcap 250Sector · Restaurants peers, median of 11Pending

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

AI summary

Sapphire Foods received a show cause notice dated 21 Sep 2026 from the Deputy Commissioner (CT) in Chennai, Tamil Nadu under Section 73 of the Tamil Nadu SGST Act 2017 covering April 2022 to March 2023. GST authorities flagged alleged 214.65 million rupees in ITC issues, interest and short payment of tax. The company disputes the claim, sees no material financial or operational impact, and will respond.

Likely market impact

Likely minimal impact as company disputes the claim, though tax dispute outcomes matter. Watch response to notice.