Announced Thu, 23 Apr · 14:29 IST
Symphony wins GST appeal; demand cut from ₹2.65 cr to ₹28K
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SYMPHONY · 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
-1.3%1-day move
₹803.10
prior close
₹805.80
base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+0.1+0.1+0.0+0.0-1.3+6.4+9.8+7.2+5.8-0.2-1.8-9.8-13.0-15.3
Up moveDown movePending
AI summary
Symphony Limited received a favorable order from the GST Appellate Authority in Lucknow for FY 2017-18. The original tax demand of ₹2,64,93,374 was drastically reduced to just ₹28,162. Additionally, interest liabilities of ₹2,64,65,208 raised in the earlier February 2024 order were entirely dropped. The company stated there is no material impact on its financials, operations, or other activities.
Likely market impact
Positive outcome — tax demand nearly eliminated with no material financial impact on the company.