Update on pending GST tax demand; order reaffirmed, appeal planned

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

-1.2%Reaction day

₹82.69

prior close

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announcement price

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Nifty Microcap 250market · in no size index; the smallest one is used-0.5%-0.7% vs market

Computers - Software & Consulting peers, median of 63sector-0.9%-0.3% vs sector

On the reaction day the stock moved 0.7 pts less than Nifty Microcap 250 and 0.3 pts less than its Computers - Software & Consulting peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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UpDownMarket · Nifty Microcap 250Sector · Computers - Software & Consulting peers, median of 63Pending

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AI summary

Xchanging Solutions said the Principal Commissioner of Central GST has reaffirmed an existing tax demand of about Rs. 23.59 crore (including cesses) along with a similar penalty amount. This follows an order dated November 27, 2025, and is a continuation of an earlier disclosure from August 2023. The company plans to appeal to CESTAT. Management said there is no change in the previously disclosed demand and no material impact on financials or operations.

Likely market impact

Tax demand unchanged from earlier disclosure; company to appeal. No material financial or operational impact per management.