VIP Industries Limited has informed the Exchange about Action(s) initiated or orders passed

VIPIND · 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

-0.8%1-day move

₹317.00

prior close

₹308.25

base price

After-mkt

timing

5m10m15m30m1D2D3D4D5D7D15D1M2M3M

-0.6+0.1+0.4+0.4-0.8-0.3+4.0+0.6+2.1+1.4-5.3-6.6+0.3-1.0

Up moveDown movePending

AI summary

VIP Industries Limited received an order from the Assistant Commissioner, CGST and Central Excise, Nashik-I Division, Maharashtra imposing a penalty of Rs. 41,03,005 (combined CGST and SGST). The penalty was imposed under Section 122 of the CGST Act, 2017 for incorrectly passing Input Tax Credit (ITC) in contravention to CGST Act provisions. The order was received on March 31, 2026. The company has stated there is no material impact on its financials or operations. VIP Industries plans to file an appeal against this order before the relevant Appellate Authorities within the prescribed timeline.

Likely market impact

The Rs 41 lakh penalty is relatively small for a company of VIP Industries' size and the company claims no material financial impact. However, the admission of ITC contravention and the company's intent to appeal introduces regulatory risk. Investors should monitor if the appeal succeeds or if additional tax liabilities emerge.