GST demand of about 3.25 crore plus penalty from CBIC Vadodara

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

-0.7%Reaction day

₹713.85

prior close

₹708.05

announcement price

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Nifty Smallcap 250market · index membership as recorded later (tracked since Jun 2026)-0.8%+0.1% vs market

Heavy Electrical Equipment peers, median of 29sector-0.8%+0.1% vs sector

On the reaction day the stock moved 0.1 pts more than Nifty Smallcap 250 and 0.1 pts more than its Heavy Electrical Equipment 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

-2.4-1.5-0.9-2.1-0.3

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+22.6-10.0+32.6-12.1+34.7

UpDownMarket · Nifty Smallcap 250Sector · Heavy Electrical Equipment peers, median of 29Pending

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

AI summary

Schneider Electric Infrastructure received a GST demand order dated Dec 15, 2025 from the Office of Additional Commissioner, Vadodara-I, CBIC, for FY 2021-22. The order alleges excess claim of Input Tax Credit and non-reversal of inadmissible ITC. Total tax demand is about 3.25 crore with penalty of about 32.5 lakh, plus interest at the applicable rate. The company says there is no material impact on financials or operations and is evaluating legal options.

Likely market impact

About 3.57 crore combined demand (tax plus penalty) plus interest. Company says not material and plans to contest.