Wins GST appeal - Rs 4.69 crore demand dropped

Regulatory & Legal View source PDF Explain this filing

UDS · price

Loading chart…

▲ 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

+0.9%Reaction day

₹162.99

prior close

₹162.56

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-1.0%+1.9% vs market

Diversified Commercial Services peers, median of 69sector+0.0%+0.9% vs sector

On the reaction day the stock moved 1.9 pts more than Nifty Microcap 250 and 0.9 pts more than its Diversified Commercial Services 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

+1.8

10m

+2.9

15m

+3.5

30m

+2.4

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+0.9-1.0+1.9+0.0+0.9

Next day

-4.9-1.8-3.1-0.3-4.6

-3.7+0.8-4.4+0.6-4.3

+3.4+1.8+1.6+1.0+2.4

-0.5+1.2-1.7+1.0-1.5

-2.4+0.7-3.2-0.0-2.4

-2.7-1.5-1.2-0.2-2.5

15d

-2.9-2.5-0.4-2.4-0.5

-5.5-7.2+1.7-6.2+0.7

-9.5-8.9-0.6-9.1-0.4

-5.0+5.5-10.5+3.0-8.1

UpDownMarket · Nifty Microcap 250Sector · Diversified Commercial Services peers, median of 69Pending

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

AI summary

Updater Services won a GST appeal on 3 February 2026. The Joint Commissioner of Appeals, Chennai dropped a prior demand of Rs 4.69 crore raised by the GST department. Based on the company's submissions and evidence during appellate proceedings, the authority set aside the demand in full. No liability remains. The matter dates back to an intimation from April 2024.

Likely market impact

Positive - removes a Rs 4.69 crore tax liability and ends a long-pending matter in the company's favor.