Vikran Engineering gets Rs 5.34 cr GST demand notice for FY23

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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

+8.9%Reaction day

₹56.20

prior close

₹58.50

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-1.5%+10.4% vs market

Civil Construction peers, median of 98sector-1.5%+10.5% vs sector

On the reaction day the stock moved 10.4 pts more than Nifty Microcap 250 and 10.5 pts more 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

-0.3

10m

-0.6

15m

+0.3

30m

+6.7

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+8.9-1.5+10.4-1.5+10.5

Next day

+4.4-1.2+5.6-1.4+5.8

+2.3-2.8+5.1-3.2+5.5

+8.1-1.8+9.9-3.3+11.4

+5.5-2.0+7.5-3.6+9.1

+4.1-3.3+7.4-4.5+8.6

+3.4-2.0+5.4-3.8+7.1

15d

+6.0-3.9+9.9-5.6+11.6

-6.9-10.7+3.8-11.7+4.8

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UpDownMarket · Nifty Microcap 250Sector · Civil Construction peers, median of 98Pending

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

AI summary

Vikran Engineering received a GST show cause notice from the Additional Commissioner, CGST and CX, Patna-I for FY 2022-23. Tax demand is Rs 5.34 crore with an additional Rs 53.4 lakh penalty. Alleged issues are mismatch between GSTR-2A and GSTR-3B, unpaid reverse charge tax, and turnover differences per TDS data. Company says no material financial or operational impact is expected and will respond within the deadline.

Likely market impact

Tax demand at notice stage, not a final order. Company expects no material impact; watch response and any further escalation.