Sundrop Brands gets GST show cause notice demanding around Rs 26.38 crore

Regulatory & Legal View source PDF Explain this filing

SUNDROP · price

Loading chart…

▲ 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

-0.5%Reaction day

₹753.00

prior close

₹745.75

announcement price

In-mkt

timing

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

Edible Oil peers, median of 26sector-1.0%+0.5% vs sector

On the reaction day the stock moved 0.3 pts less than Nifty Microcap 250 and 0.5 pts more than its Edible Oil 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

-0.3

10m

-0.3

15m

-0.3

30m

-0.6

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-0.5-0.3-0.3-1.0+0.5

Next day

+0.3-1.5+1.8-4.1+4.3

-0.3-1.5+1.3-2.1+1.9

-1.1-0.2-0.8-1.1+0.1

-0.6-0.5-0.1-0.4-0.1

-1.1-3.2+2.2-1.8+0.7

-12.4-2.2-10.2-1.3-11.1

15d

-19.7-9.5-10.2-6.8-12.8

—————

UpDownMarket · Nifty Microcap 250Sector · Edible Oil peers, median of 26Pending

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

AI summary

Sundrop Brands received a show cause notice from the UP GST authority on Sep 29, 2026, over scrutiny of GST returns for FY 2022-23. The notice demands about Rs 26.38 crore including a penalty of around Rs 2.40 crore under Section 73 of the GST Act. The company says it will contest the demand, arguing GST liability was already discharged via deemed supplies, exports under LUT, and reverse charge mechanism. It currently envisages no financial impact.

Likely market impact

Tax demand of about Rs 26.38 crore including penalty; company plans to contest, sees no immediate financial hit.