Tax authority confirms GST demand of about Rs 15.74 lakh; company to appeal

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VINDHYATEL · price

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

+4.4%Reaction day

₹2807.30

prior close

₹2820.00

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+0.8%+3.5% vs market

Civil Construction peers, median of 96sector+0.4%+4.0% vs sector

On the reaction day the stock moved 3.5 pts more than Nifty Microcap 250 and 4.0 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

+3.5

10m

+2.8

15m

+2.9

30m

+2.6

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+4.4+0.8+3.5+0.4+4.0

Next day

+1.2+1.0+0.1+0.8+0.4

+5.0+1.7+3.3+1.3+3.8

+0.8+0.1+0.7+0.6+0.2

+2.4+0.8+1.6+0.8+1.6

+2.4-0.9+3.3-1.0+3.5

-3.8-4.5+0.7-5.3+1.5

15d

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UpDownMarket · Nifty Microcap 250Sector · Civil Construction peers, median of 96Pending

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

AI summary

Vindhya Telelinks received an order from the GST Appellate Authority, Jammu, confirming a demand of about Rs 6.13 lakh in tax, Rs 3.48 lakh in interest, and Rs 6.13 lakh in penalty (total around Rs 15.74 lakh) for alleged ineligible input tax credit claims covering FY 2018-19 to FY 2022-23. The company has stated it will file an appeal against the order, and the full financial impact is yet to be determined.

Likely market impact

Demand amount is small; company is contesting through appeal, so near-term financial impact is limited until the case is resolved.