Tax demand of about Rs 70 crore upheld in appeal; company to challenge further

Litigation LossRegulatory & Legal View source PDF Explain this filing

SHEMAROO · price

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

-4.5%Reaction day

₹106.94

prior close

₹106.73

announcement price

After-mkt

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Nifty Microcap 250market · in no size index; the smallest one is used+2.0%-6.4% vs market

Media & Entertainment peers, median of 11sector+1.7%-6.1% vs sector

On the reaction day the stock moved 6.4 pts less than Nifty Microcap 250 and 6.1 pts less than its Media & Entertainment 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

-4.5+2.0-6.4+1.7-6.1

Next day

-2.5+1.3-3.9+0.0-2.5

-4.2+1.8-6.0+0.7-4.9

+3.8+2.0+1.8+1.3+2.5

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15d

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UpDownMarket · Nifty Microcap 250Sector · Media & Entertainment peers, median of 11Pending

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AI summary

Shemaroo Entertainment received an order on Dec 8, 2025 from CGST Commissioner (Appeals), Mumbai, rejecting its appeal. The demand relates to allegedly inadmissible Input Tax Credit of about Rs 70.26 crore, plus equal penalty and interest. Additional penalty of Rs 63.35 crore imposed. Penalties of Rs 133.61 crore each also on Joint MD, CEO and CFO. The company does not accept the order and plans to file a further appeal.

Likely market impact

Significant potential financial liability if appeals fail; negative near-term sentiment. Company plans further legal challenge.