UltraTech gets two GST orders from Trichy, will contest

Regulatory & Legal View source PDF Explain this filing

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 Cement received two orders from the Assistant Commissioner, State GST, Trichy for alleged excess input tax credit (ITC) claims in FY 2020-21 and FY 2022-23. Total demand across tax, interest and penalty is about Rs. 39.8 crore. The company will contest both orders and states no material financial impact is expected.

Likely market impact

Routine tax dispute that the company will contest. Management says no material financial impact. Minor event for shareholders.