GST appeal: Rs. 747.38 lakh demand upheld; company plans further appeal

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

-2.2%Reaction day

₹288.15

prior close

₹290.05

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+0.4%-2.6% vs market

Commodity Chemicals peers, median of 53sector+0.1%-2.3% vs sector

On the reaction day the stock moved 2.6 pts less than Nifty Microcap 250 and 2.3 pts less than its Commodity Chemicals 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

-1.4

10m

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15m

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30m

-1.6

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-2.2+0.4-2.6+0.1-2.3

Next day

-3.7+0.6-4.3-0.2-3.5

-2.1+1.1-3.2+0.5-2.6

-1.8+0.9-2.7+0.2-1.9

-1.9+0.6-2.4+0.1-1.9

-1.1+1.6-2.7+0.9-2.0

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15d

-12.1-0.6-11.6-2.2-9.9

-17.8-2.2-15.6-3.5-14.3

-17.1-6.0-11.1-6.5-10.5

-34.3-13.1-21.2-15.2-19.1

UpDownMarket · Nifty Microcap 250Sector · Commodity Chemicals peers, median of 53Pending

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

AI summary

The GST appellate authority allowed the company Rs. 18.02 lakh but upheld a Rs. 747.38 lakh tax demand and did not accept the related appeal. The company plans a further appeal, believing the demand is incorrect and financially insignificant.

Likely market impact

The order creates a potential Rs. 747.38 lakh liability, but the company says any final financial impact is likely insignificant and not material.