GST order demanding about INR 27.72 Crore in tax and penalty

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

+2.5%Reaction day

₹173.20

prior close

₹180.22

announcement price

In-mkt

timing

Nifty Microcap 250market+0.4%+2.0% vs market

Civil Construction peers, median of 99sector+0.0%+2.5% vs sector

On the reaction day the stock moved 2.0 pts more than Nifty Microcap 250 and 2.5 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

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10m

+0.1

15m

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30m

-0.2

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+2.5+0.4+2.0+0.0+2.5

Next day

+4.2+1.7+2.5+0.5+3.7

+1.9+0.2+1.7-1.0+3.0

+1.9+0.5+1.4-0.9+2.8

-1.6-1.1-0.5-2.7+1.1

-1.0-0.1-0.9-2.4+1.4

-4.6-1.6-3.0-4.5-0.1

15d

-1.0-1.4+0.4-3.6+2.6

-14.3-7.4-6.9-10.0-4.3

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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

Sterling and Wilson Renewable Energy received a tax order from CGST Jaipur demanding about INR 13.86 Crore in tax and an equal penalty, totaling roughly INR 27.72 Crore plus interest. This relates to an alleged tax shortfall between November 2020 and November 2021. The company says most of this demand is covered by an indemnity from its promoters and no material impact on operations is expected. The company is evaluating the order and will decide next steps.

Likely market impact

Company says no material impact on operations since promoter indemnity covers most of the demand. Market reaction uncertain pending appeal outcome.