V-Guard Industries Limited has informed the Exchange about Action(s) taken or orders passed

VGUARD · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reaction · full curve 14 horizons · vs prior close

-0.3%1-day move

₹325.20

prior close

₹320.00

base price

In-mkt

timing

5m10m15m30m1D2D3D4D5D7D15D1M2M3M

+0.0+0.0-0.0-0.1-0.3+1.2-0.7-3.5-1.4+1.0+2.9+2.4-7.6-6.2

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AI summary

V-Guard Industries has received a final audit report from the Assistant Commissioner, CGST-Audit Circle, Kashipur, covering FY 2020-21 to 2023-24. The audit identified issues related to inadmissible or excess Input Tax Credit (ITC) availment and short payment in GSTR-9 reconciliation. The short payment of GST communicated amounts to INR 17,76 crore. Interest and penalty amounts are yet to be quantified. The company states this is not a demand order and plans to rebut the audit observations on merits.

Likely market impact

While the financial impact is material at INR 17.76 crore, the company has clarified this is not a demand order and intends to challenge the findings, which reduces immediate concern for shareholders.