GST penalty of Rs 5.50 crore ordered; appeal planned
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 1.9 pts less than Nifty Microcap 250 and 0.8 pts less than its Other Textile Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
Minute windows have no benchmark: there is no intraday index history to compare against.
The GST department ordered Shahlon Silk Industries to pay a penalty of Rs 5.50 crore (Rs 5,50,44,402) for alleged passing on of ineligible input tax credit from April 2023 to March 2025. The order was issued on October 23, 2026, received on October 25, and the company plans to appeal.
A Rs 5.50 crore penalty could weigh on earnings and cash flow; the final financial impact depends on the appeal outcome.