TVS Electronics: GST show cause notice for about Rs 58.23 lakh

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TVSELECT · price

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

-0.6%Reaction day

₹498.00

prior close

₹498.00

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+1.3%-1.9% vs market

Computers Hardware & Equipments peers, median of 18sector+0.5%-1.1% vs sector

On the reaction day the stock moved 1.9 pts less than Nifty Microcap 250 and 1.1 pts less than its Computers Hardware & Equipments 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

+1.1

10m

+0.9

15m

+1.4

30m

+1.1

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-0.6+1.3-1.9+0.5-1.1

Next day

-2.8+0.0-2.8-0.1-2.7

-1.8+0.5-2.3-0.6-1.1

-3.0-0.1-2.9-1.4-1.6

-2.6+1.0-3.6-0.6-2.0

-0.4+2.4-2.8-0.0-0.4

+1.2+4.1-2.9+0.6+0.7

15d

-9.8+5.1-14.9-2.3-7.5

-11.0+5.8-16.9+0.3-11.4

-24.1+4.5-28.6-5.8-18.3

-26.1-2.4-23.7-12.9-13.2

UpDownMarket · Nifty Microcap 250Sector · Computers Hardware & Equipments peers, median of 18Pending

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

AI summary

TVS Electronics received a Show Cause Notice from the Delhi GST Department alleging excess availment of Input Tax Credit (ITC) for the tax period April 2022 to March 2023. Total potential financial impact, including interest and penalty, is about Rs 58.23 lakh. The company is in the process of filing its reply to the notice.

Likely market impact

Pending GST dispute. Impact is modest at about Rs 58 lakh. Outcome uncertain as company prepares its reply.