V-Guard faces about Rs 17.76 crore GST audit objection over excess ITC claim

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VGUARD · 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

-3.0%Reaction day

₹353.00

prior close

₹344.75

announcement price

After-mkt

timing

Nifty Microcap 250market · index membership as recorded later (tracked since Jun 2026)-1.3%-1.7% vs market

Household Appliances peers, median of 21sector-1.1%-1.9% vs sector

On the reaction day the stock moved 1.7 pts less than Nifty Microcap 250 and 1.9 pts less than its Household Appliances 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

-0.3

10m

-0.7

15m

-0.7

30m

-0.6

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-3.0-1.3-1.7-1.1-1.9

Next day

-0.8+2.4-3.3+0.7-1.5

-3.1+3.8-6.9+2.9-6.0

-4.2+2.7-7.0+3.4-7.7

-4.8+1.9-6.7+3.6-8.4

-2.3+4.6-6.8+6.8-9.1

-3.1+5.1-8.1+5.1-8.2

15d

-9.0+2.1-11.1+2.9-11.9

-11.9-2.1-9.8-0.3-11.6

-8.2-6.4-1.8-12.4+4.2

-5.1+9.5-14.6+4.4-9.5

UpDownMarket · Nifty Microcap 250Sector · Household Appliances peers, median of 21Pending

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

AI summary

V-Guard Industries received a GST audit objection from CGST authorities in Uttarakhand dated Jan 31, 2026, alleging excess availment of Input Tax Credit in GSTR 3B for FY 2020-21 to 2023-24. Demand is for about Rs 17.76 crore in differential GST plus interest and penalty under section 74. The company says this is not a final order and plans to challenge it.

Likely market impact

Tax demand of about Rs 17.76 crore plus penalties. Not a final order, company plans to challenge. May pressure stock if upheld.