TVS Srichakra Limited has informed the Exchange about Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company

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TVSSRICHAK · 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

+8.7%Reaction day

₹3050.00

prior close

₹3084.00

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-0.2%+8.9% vs market

Tyres & Rubber Products peers, median of 15sector+0.0%+8.7% vs sector

On the reaction day the stock moved 8.9 pts more than Nifty Microcap 250 and 8.7 pts more than its Tyres & Rubber Products 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

-1.0

10m

-0.8

15m

-0.5

30m

+0.9

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+8.7-0.2+8.9+0.0+8.7

Next day

+7.0-0.1+7.1+0.8+6.2

+5.5+0.3+5.2+1.2+4.3

+4.8-0.2+4.9+0.6+4.2

+4.3-0.3+4.6+1.0+3.2

+4.2+0.2+4.0+0.6+3.6

+3.3+0.1+3.3+0.9+2.4

15d

+0.2+1.2-1.0+0.5-0.3

-4.6-2.2-2.4-4.1-0.5

-5.5-3.0-2.5-4.8-0.7

+19.7-2.9+22.6-4.7+24.4

UpDownMarket · Nifty Microcap 250Sector · Tyres & Rubber Products peers, median of 15Pending

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

AI summary

TVS Srichakra has received a Demand-cum-Show Cause Notice from the Additional Commissioner of CGST, Dehradun alleging a mismatch between GSTR-3B returns and E-way bills for FY 2018-19, 2019-20 and 2020-21. The total demand raised is Rs. 65.38 crores, comprising Rs. 37.55 crores in tax and Rs. 27.84 crores in penalty. The company plans to file a detailed reply within 30 days, contesting the notice. The company stated it does not expect any material financial implication, as it believes the notice lacks merit and ignores reconciliations already submitted by the company.

Likely market impact

The dispute is pending and the company is contesting it, so there is no immediate financial hit. However, if the demand is upheld, it could impact earnings — investors should track the outcome of the company's reply and any further legal proceedings.