GST orders received from Trichy authority; company to contest

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ULTRACEMCO · price

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

+0.3%Reaction day

₹12671.00

prior close

₹12672.00

announcement price

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Nifty 100market · index membership as recorded later (tracked since Jun 2026)-0.5%+0.8% vs market

Cement & Cement Products peers, median of 34sector-0.4%+0.7% vs sector

On the reaction day the stock moved 0.8 pts more than Nifty 100 and 0.7 pts more than its Cement & Cement Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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Reaction day

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Next day

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UpDownMarket · Nifty 100Sector · Cement & Cement Products peers, median of 34Pending

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

AI summary

UltraTech received two GST orders from the State GST authority in Trichy, Tamil Nadu. Combined tax demand of about 15.26 crore, plus interest of 9.28 crore and an equal penalty of 15.26 crore. The orders relate to alleged excess input tax credit claims in GST returns for FY 2020-21 and FY 2022-23. The company will contest both orders and states it does not expect any material financial impact.

Likely market impact

Company will contest; financial impact stated as not material. Watch next steps on appeal or further orders.