SKIPPERNSESkipper Limited· Electrical EquipmentHighNegative
Announced Wed, 10 Jun, 2026 · 17:30 IST

Tax department appeals against favorable GST order for Skipper Limited

SKIPPER · price

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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
-2.9%Reaction day
₹536.00
prior close
₹531.20
announcement price
After-mkt
timing
Nifty Microcap 250market · index membership as recorded later (tracked since Jun 2026)-1.1%-1.8% vs market
Heavy Electrical Equipment peers, median of 33sector-1.9%-1.0% vs sector

On the reaction day the stock moved 1.8 pts less than Nifty Microcap 250 and 1.0 pts less than its Heavy Electrical Equipment 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
Stock
5m
+0.6
10m
+0.9
15m
+1.1
30m
+1.8
Sessions after the filingfrom the prior close
StockMarketvs marketSectorvs sector
Reaction day
-2.9-1.1-1.8-1.9-1.0
Next day
+1.0+1.9-0.9+0.7+0.3
2d
+2.6+3.7-1.0+3.1-0.5
3d
+3.7+4.2-0.5+3.8-0.1
4d
+3.0+5.4-2.4+5.3-2.4
5d
+2.1+5.9-3.7+5.6-3.5
1w
+2.2+7.6-5.4+9.2-6.9
15d
+7.2+7.7-0.5+0.2+7.0
1m
+4.0+8.6-4.5-0.3+4.3
2m
-1.7+10.5-12.2-3.9+2.2
3m
+3.3+13.3-10.0-6.5+9.8
UpDownMarket · Nifty Microcap 250Sector · Heavy Electrical Equipment peers, median of 33Pending

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

AI summary

Skipper Limited informed exchanges that the GST department has filed an appeal against an earlier favorable order. In April 2025, the company received a show cause notice proposing a tax demand of about Rs 10.21 crore for FY 2017-18 and FY 2018-19. On December 1, 2025, the Additional Commissioner dropped the demand entirely. Now the Assistant Commissioner, Park Street Division, Kolkata, has appealed that dropping order before the Commissioner (Appeals-I) under the GST Act. The company will file its objection within the stipulated time.

Likely market impact

Earlier favorable order dropping the Rs 10.21 crore demand is now under appeal by the tax department. Company will defend; outcome pending.