Tax demand quashed in favor of Schneider Electric President

Court Stay ObtainedRegulatory & Legal View source PDF Explain this filing

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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

-0.7%Reaction day

₹1983.90

prior close

₹2014.40

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+0.5%-1.2% vs market

On the reaction day the stock moved 1.2 pts less than Nifty Microcap 250, 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

-1.6

10m

-4.7

15m

-5.7

30m

-3.3

Sessions after the filingfrom the prior close

StockMarketvs market

Reaction day

-0.7+0.5-1.2

Next day

-0.7+0.8-1.5

-2.3+1.0-3.3

-5.0+0.6-5.6

-4.5+1.2-5.7

-0.9+0.9-1.8

-4.2+1.6-5.8

15d

-4.6+1.9-6.5

-12.3+0.8-13.1

-15.4-5.7-9.7

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UpDownMarket · Nifty Microcap 250Pending

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

AI summary

Company won a favorable Order-in-Appeal against a GST demand of 1,19,167 rupees in tax plus equal interest and penalty, related to non-payment of GST under the Reverse Charge Mechanism on ocean freight for July 2017 to March 2020. The Appellate Authority fully set aside the original order dated November 19, 2024, and the proceedings stand dropped.

Likely market impact

Positive — entire tax demand with interest and penalty quashed, no financial liability remains on the company.