GST penalty of Rs 4.01 lakh paid; appeal being filed

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VIKRAN · 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

-1.2%Reaction day

₹60.03

prior close

₹60.20

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+0.6%-1.8% vs market

Civil Construction peers, median of 101sector+0.3%-1.5% vs sector

On the reaction day the stock moved 1.8 pts less than Nifty Microcap 250 and 1.5 pts less than its Civil Construction 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

+0.2

10m

+0.3

15m

+0.1

30m

+0.1

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-1.2+0.6-1.8+0.3-1.5

Next day

-1.0+0.4-1.4-0.4-0.6

-0.8+0.7-1.5-0.2-0.7

-1.9+1.0-2.9-0.5-1.4

-3.3-0.0-3.3-1.7-1.6

-3.7-0.6-3.1-1.8-1.9

+1.6+0.7+0.9-0.3+1.9

15d

-6.6-1.2-5.3-4.3-2.3

-4.2-0.9-3.3-4.9+0.7

-12.8-9.0-3.8-13.9+1.0

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UpDownMarket · Nifty Microcap 250Sector · Civil Construction peers, median of 101Pending

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

AI summary

Vikran Engineering received a GST Show Cause Notice cum Order from the State Taxes Officer, Kashmir, on 22 August 2026, under Section 129(3) of the CGST Act, 2017, for goods detained in transit without a valid E-Way Bill and tax invoice. The company voluntarily paid the penalty of Rs 4.01 lakh and is in the process of filing an appeal. Management states there is no material impact on financial or operational activities.

Likely market impact

Minor penalty, no material impact on operations or finances per the company. Appeal is being filed with the authorities.