Show Cause Notice to subsidiary over GST e-way bill dispute

Regulatory & Legal View source PDF Explain this filing

SOLARWORLD · 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

+4.2%Reaction day

₹134.69

prior close

₹134.46

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-0.1%+4.3% vs market

Civil Construction peers, median of 99sector-0.2%+4.4% vs sector

On the reaction day the stock moved 4.3 pts more than Nifty Microcap 250 and 4.4 pts more than its Civil Construction 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

-0.7

10m

-0.5

15m

+0.0

30m

+0.6

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+4.2-0.1+4.3-0.2+4.4

Next day

+3.5+0.3+3.3-0.1+3.6

+2.8+1.6+1.3+0.5+2.3

-1.1+0.1-1.1-1.1+0.0

-0.5+0.3-0.8-1.1+0.7

-2.1-1.2-0.9-2.5+0.4

-4.4-0.5-3.9-3.1-1.3

15d

-5.4-2.2-3.2-3.3-2.0

-16.2-6.6-9.6-7.7-8.5

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UpDownMarket · Nifty Microcap 250Sector · Civil Construction peers, median of 99Pending

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

AI summary

Wholly-owned subsidiary Znshine Solarworld received a Show Cause Notice from State Tax authorities in Roorkee over alleged e-way bill violations during a vehicle interception. Proposed penalty is 1.22 crore rupees (200 percent of tax). The subsidiary has filed a reply citing full compliance with documentation and is contesting the notice. Personal hearing set for September 24, 2026. No confirmed liability yet.

Likely market impact

At show cause stage only, no confirmed penalty. Company says no material impact on financials. Hearing pending Sept 24.