V-Guard gets GST demand of about Rs 77 lakh for FY19 mismatch

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VGUARD · price

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

-1.1%Reaction day

₹331.70

prior close

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announcement price

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Nifty Microcap 250market · index membership as recorded later (tracked since Jun 2026)-0.5%-0.6% vs market

Household Appliances peers, median of 21sector-0.5%-0.6% vs sector

On the reaction day the stock moved 0.6 pts less than Nifty Microcap 250 and 0.6 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.

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

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AI summary

V-Guard Industries received a GST demand order dated 23-Dec-2025 from the Excise and Taxation Officer in Gurgaon covering FY 2018-19. The order cites a mismatch between tax liability as per E-Waybill and GSTR 3B returns. Total demand is about Rs 77.2 lakh, split into tax Rs 23.4 lakh, interest Rs 30.3 lakh and penalty Rs 23.4 lakh. The company is evaluating the order and plans to take appropriate steps to challenge it.

Likely market impact

Small one-time tax demand; not material to overall financials. Company plans to challenge, so final impact is uncertain until resolved.