Intimation of Demand Order received from the Office of the Superintendent, Central Goods and Service Tax Range-II, Alwar, Rajasthan.
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 6.6 pts less than Nifty Microcap 250 and 5.2 pts less than its Edible Oil peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
Minute windows have no benchmark: there is no intraday index history to compare against.
Vijay Solvex Ltd has received a demand order from the Office of the Superintendent, Central GST Range-II, Alwar, Rajasthan, alleging wrongly availed and utilized Input Tax Credit (ITC) during FY 2019-20, 2020-21, and 2021-22. The total demand is Rs. 8,49,978, split equally between the disputed ITC amount of Rs. 4,24,989 and an equal penalty of Rs. 4,24,989, under Section 74(1) of the CGST Act, 2017. The order was dated March 19, 2026, and received by the company on March 27, 2026. The company has stated there is no material impact on its financials or operations and plans to file an appeal before the appropriate appellate authority. The company is confident of a favourable outcome based on the merits of the case and legal advice.
The demand amount of roughly Rs. 8.5 lakh is small relative to typical corporate operations, and the company says it will not materially affect financials. Shareholders should monitor the appeal outcome, though the immediate impact on the stock is likely minimal.