GST penalty order of about Rs 2.7 crore from tax authority

Litigation lossRegulatory & Legal View source PDF Explain this filing

SUNDRMFAST · 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

-0.1%Reaction day

₹955.70

prior close

₹957.00

announcement price

After-mkt

timing

Nifty Microcap 250market · index membership as recorded later (tracked since Jun 2026)-0.1%-0.0% vs market

Auto Components & Equipments peers, median of 110sector+0.2%-0.3% vs sector

On the reaction day the stock moved in line with Nifty Microcap 250 and 0.3 pts less than its Auto Components & Equipments peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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Reaction day

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Next day

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UpDownMarket · Nifty Microcap 250Sector · Auto Components & Equipments peers, median of 110Pending

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

AI summary

Sundram Fasteners received a penalty order of Rs 2,70,34,224 from the Additional Commissioner of Central Tax and Central Excise under Section 74(1) of the CGST Act. The penalty covers FY 2018-19 to 2022-23 and relates to non-payment of GST on capital goods sent for job work and non-reversal of ineligible Input Tax Credit by the branch office during FY 2020-21 to 2022-23. Management states there is no material financial impact on the company.

Likely market impact

Penalty size is small relative to company scale; management sees no material impact. Worth tracking any appeal and outcome of the tax dispute.