GST penalty of Rs 3.60 crore imposed; company to appeal

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SCHAEFFLER · price

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

+1.7%Reaction day

₹3797.00

prior close

₹3805.10

announcement price

In-mkt

timing

Nifty Midcap 150market · index membership as recorded later (tracked since Jun 2026)+1.2%+0.5% vs market

Auto Components & Equipments peers, median of 110sector+0.9%+0.8% vs sector

On the reaction day the stock moved 0.5 pts more than Nifty Midcap 150 and 0.8 pts more than its Auto Components & Equipments 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

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Sessions after the filingfrom the prior close

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Reaction day

+1.7+1.2+0.5+0.9+0.8

Next day

+2.3+2.0+0.3+2.3+0.0

-0.4+2.1-2.5+2.1-2.5

-0.6+1.6-2.2+1.7-2.3

+0.5+1.4-0.9+1.0-0.6

+0.5+1.0-0.4+0.5-0.0

+3.0+1.8+1.2+1.3+1.7

15d

+0.5+0.3+0.2-1.2+1.7

-0.9-0.1-0.8-2.2+1.3

+0.6-0.4+1.0-1.6+2.2

+4.5-8.1+12.6-11.1+15.6

UpDownMarket · Nifty Midcap 150Sector · Auto Components & Equipments peers, median of 110Pending

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

AI summary

Schaeffler India received an order from the Additional Commissioner of GST and Central Excise, Salem disallowing Input Tax Credit and imposing a penalty of about Rs 3.60 crore. The company says there is no material impact on its financials or operations and is in the process of filing an appeal against the order.

Likely market impact

Penalty is small relative to company size; appeal pending. No material financial impact claimed by management. Minor near-term overhang.