UCAL Limited receives GST show cause notice with Rs 6.48 Cr demand

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UCAL · 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

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₹116.50

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Nifty Microcap 250market · in no size index; the smallest one is used+0.2%+9.4% vs market

Auto Components & Equipments peers, median of 117sector-0.5%+10.1% vs sector

On the reaction day the stock moved 9.4 pts more than Nifty Microcap 250 and 10.1 pts more than its Auto Components & Equipments peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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UpDownMarket · Nifty Microcap 250Sector · Auto Components & Equipments peers, median of 117Pending

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AI summary

UCAL Limited received a show cause notice from the State Tax Officer, Ambattur on 12 Aug 2026 regarding alleged GST discrepancies for FY 2022-23. Issues include excess Input Tax Credit claims, credit and debit note mismatches, SEZ supplies, and unreconciled GST payments. A penalty of Rs 6.48 Crore including interest has been demanded. The company says the notice has no merit and will file a detailed reply with facts and evidence.

Likely market impact

Potential liability of about Rs 6.48 Cr if penalty is upheld. Company contests it, so no immediate financial or operational impact.