TCI Express: GST demand of Rs 51.36 cr upheld; to file appeal

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

-1.2%Reaction day

₹512.20

prior close

₹511.00

announcement price

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Nifty Microcap 250market · in no size index; the smallest one is used-1.3%+0.1% vs market

Logistics Solution Provider peers, median of 44sector-1.6%+0.4% vs sector

On the reaction day the stock moved 0.1 pts more than Nifty Microcap 250 and 0.4 pts more than its Logistics Solution Provider peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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UpDownMarket · Nifty Microcap 250Sector · Logistics Solution Provider peers, median of 44Pending

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AI summary

TCI Express received an order from the GST Appellate Authority in Gurugram confirming that the original GST demand of about Rs 51.36 crores (plus interest and penalty) for FY 2017-18 to FY 2021-22 under Section 74(1) of the CGST Act continues to remain in force. The order was uploaded on the GST portal on January 14, 2026. The company will appeal before the appropriate authority and states there is no material impact on financials, operations, or other activities.

Likely market impact

Adverse ruling at appellate level; company plans to appeal further. Rs 51.36 cr demand plus interest and penalty at stake.