Thirumalai Chemicals gets Rs 17.31 crore GST show cause notice for FY24

Regulatory & Legal View source PDF Explain this filing

TIRUMALCHM · 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

-0.8%Reaction day

₹145.10

prior close

₹146.20

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+0.0%-0.8% vs market

Commodity Chemicals peers, median of 61sector-0.5%-0.2% vs sector

On the reaction day the stock moved 0.8 pts less than Nifty Microcap 250 and 0.2 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

+1.5

10m

+1.5

15m

+1.9

30m

+1.2

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-0.8+0.0-0.8-0.5-0.2

Next day

+2.5+1.3+1.1+0.0+2.5

+2.0+1.1+0.9+0.8+1.2

-1.7-1.7+0.1-1.2-0.5

-1.6-1.4-0.1-0.6-1.0

-3.7-0.6-3.1+0.0-3.7

-1.7+0.3-1.9+0.6-2.2

15d

-19.1-6.1-13.0-4.9-14.1

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UpDownMarket · Nifty Microcap 250Sector · Commodity Chemicals peers, median of 61Pending

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

AI summary

Thirumalai Chemicals received a show cause notice from Tamil Nadu Commercial Tax Dept on Oct 1, 2026 for FY 2023-24 GST issues under CGST Act. Demand of Rs 17.31 crore (tax Rs 11.23 cr, interest Rs 4.95 cr, penalty Rs 1.13 cr) over alleged output turnover, input tax and ITC reversals discrepancies. Company calls demands erroneous and will respond before deadline, expecting no material financial impact.

Likely market impact

Company calls demand erroneous and expects no material impact. Watch for the deadline response and any further GST authority update.