GST Search at Registered Office; Company Says No Material Impact

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

+1.0%Reaction day

₹207.00

prior close

₹206.96

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+0.7%+0.3% vs market

Industrial Gases peers, median of 5sector+0.0%+1.0% vs sector

On the reaction day the stock moved 0.3 pts more than Nifty Microcap 250 and 1.0 pts more than its Industrial Gases 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

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30m

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Reaction day

+1.0+0.7+0.3+0.0+1.0

Next day

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UpDownMarket · Nifty Microcap 250Sector · Industrial Gases peers, median of 5Pending

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

AI summary

GST officials conducted an inspection and search at the company's Mumbai registered office from October 9 to 14, 2026, under Section 67 of the Maharashtra GST Act. The inquiry flagged Input Tax Credit issues on OFS expenses, Rights Issue expenses, cancelled suppliers, ISD distribution, and blocked credits. The company voluntarily reversed ineligible credits and paid the tax and interest demanded. Management states no material impact on operations, calling the matter largely revenue neutral.

Likely market impact

Routine tax inspection resolved; company paid dues and sees no material impact on operations.