SMLMAHNSESML Mahindra Limited· Agricultural Commercial & Construction VehiclesHighNegative

Announced Fri, 19 Sept, 2025 · 18:39 IST

GST authority confirms Rs 0.70 crore demand; company plans to appeal

Regulatory & Legal View source PDF Explain this filing

SMLMAH · 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

-4.7%Reaction day

₹3732.00

prior close

₹3768.60

announcement price

After-mkt

timing

Nifty Microcap 250market · index membership as recorded later (tracked since Jun 2026)-0.7%-4.0% vs market

Agricultural Commercial & Construction Vehicles peers, median of 9sector · industry level-1.0%-3.7% vs sector

On the reaction day the stock moved 4.0 pts less than Nifty Microcap 250 and 3.7 pts less than its Agricultural Commercial & Construction Vehicles 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

-0.8

10m

-0.5

15m

-0.5

30m

-1.3

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-4.7-0.7-4.0-1.0-3.7

Next day

-8.2-1.0-7.1+0.7-8.9

-10.9-1.4-9.5-1.1-9.8

-11.8-2.4-9.4-2.6-9.2

-14.3-4.5-9.8-4.6-9.7

-14.7-5.3-9.4-6.0-8.6

-15.7-4.3-11.3-3.4-12.3

15d

-16.0-4.6-11.4-4.2-11.8

-24.6-2.2-22.4-2.4-22.2

-23.9-5.6-18.3-12.8-11.1

+3.6-6.6+10.2-14.3+17.9

UpDownMarket · Nifty Microcap 250Sector · Agricultural Commercial & Construction Vehicles peers, median of 9Pending

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

AI summary

The GST authority waived Rs 1.72 crore of earlier interest and penalty for July 2017 to March 2020. It confirmed Rs 0.70 crore for April 2020 to March 2023, including Rs 0.59 crore interest and Rs 0.11 crore penalty, for unpaid IGST on certain services. The company plans to appeal.

Likely market impact

The remaining Rs 0.70 crore demand may affect earnings and cash flow, although the appeal could reduce it. The waiver removes a larger earlier claim.