Shilchar Technologies Limited has informed the Exchange about Action(s) initiated or orders passed

SHILCTECH · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reaction · full curve 14 horizons · vs prior close

+2.3%1-day move

₹3968.00

prior close

₹3895.00

base price

In-mkt

timing

5m10m15m30m1D2D3D4D5D7D15D1M2M3M

+0.6+0.6+0.3+0.6+2.3+3.4+8.3+12.0+15.3+20.0+34.3+29.8+2.6+13.2

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AI summary

Shilchar Technologies Limited received a GST order dated 26th March 2026 from the Joint Commissioner of Central Tax, CGST and Central Excise, Vadodara-I. The original demand was Rs. 3.58 crore in GST, Rs. 2.79 lakh interest, and Rs. 2 lakh penalty. The confirmed demand is Rs. 3.21 crore plus Rs. 2.13 lakh interest and Rs. 50,000 penalty. Additionally, a penalty of Rs. 3.19 crore has been imposed under Section 74 of the CGST Act. The matter arose from audit observations related to GST return reconciliation and procedural aspects. The company has already paid Rs. 1.96 lakh tax, Rs. 1.77 lakh interest, and Rs. 50,000 penalty.

Likely market impact

The company faces a total confirmed demand of approximately Rs. 6.43 crore (including penalties). However, management believes it has a strong case and expects no material financial impact, as it plans to challenge the order before the First Appellate Authority.