Chhattisgarh tax authority drops VST's Rs 2.50 crore demand

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₹271.10

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Nifty Microcap 250market · in no size index; the smallest one is used+0.6%-0.4% vs market

Fast Moving Consumer Goods peers, median of 270sector · sector level+0.1%+0.1% vs sector

On the reaction day the stock moved 0.4 pts less than Nifty Microcap 250 and 0.1 pts more than its Fast Moving Consumer Goods peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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AI summary

Following an appeal, the Chhattisgarh tax authority dropped its demand of Rs 2,49,57,830, about Rs 2.50 crore, against VST Industries over alleged excess input tax credit claims. The order dated 16 September 2025 fully withdrew the demand, with no financial impact on the company.

Likely market impact

Positive for shareholders because the Rs 2.50 crore demand and related financial risk have been removed.