Announced Wed, 24 Jun · 12:21 IST
GST demand order of about Rs 3.59 lakh from Tamil Nadu tax authority
Regulatory & Legal View source PDF
SUDARCOLOR · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
-1.2%1-day move
₹365.10
prior close
₹367.80
base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+0.0+0.0-0.7+0.0-1.2-2.2-3.0-4.1-1.4+0.8+1.8-0.8——
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AI summary
Sudarshan Colorants India received a GST demand order (Form DRC-07) dated June 23, 2026 from the Commercial Tax Officer in Cuddalore, Tamil Nadu for the April 2025 period. The aggregate demand is Rs 3,59,484, which is entirely penalty with nil tax and nil interest. The company plans to file an appeal before the appropriate authority and says it has a strong case. It states there will be no material impact on its financials, operations, or other activities.
Likely market impact
Minimal financial impact; small penalty amount and company is appealing the order.