Timex Group India: GST proceedings dropped, no further action required

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TIMEX · 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

-1.4%Reaction day

₹718.15

prior close

₹714.20

announcement price

After-mkt

timing

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

Gems Jewellery And Watches peers, median of 29sector-1.0%-0.4% vs sector

On the reaction day the stock moved 1.3 pts less than Nifty Microcap 250 and 0.4 pts less than its Gems Jewellery And Watches 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

-1.3

10m

-0.5

15m

+0.1

30m

+0.2

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-1.4-0.1-1.3-1.0-0.4

Next day

-1.8+0.3-2.1-0.5-1.3

+0.8+1.6-0.8+0.7+0.1

-0.4+0.1-0.5-0.9+0.4

+1.4+0.3+1.0-0.0+1.4

-1.9-1.2-0.6-1.1-0.8

-0.2-0.5+0.3-1.6+1.4

15d

+1.7-2.2+3.8-2.4+4.1

-8.5-6.6-1.9-3.9-4.6

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UpDownMarket · Nifty Microcap 250Sector · Gems Jewellery And Watches peers, median of 29Pending

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

AI summary

Timex Group India has received an order from the CGST office in Baddi dropping all proceedings against the company. This relates to a Show Cause Notice from May 11, 2026 regarding GST discrepancies for FY 2022-23, including mismatches between GSTR-3B outward tax liability and E-way bills, and excess input tax credit claims versus GSTR-2A/2B for imports. The department was satisfied with the company reply and required no further action. No financial impact reported.

Likely market impact

Positive for shareholders. GST matter resolved in company favor with no financial impact, removing a regulatory overhang.