Zim Laboratories gets Rs 2.2 crore GST demand notice from Maharashtra tax authority

Regulatory & Legal View source PDF Explain this filing

ZIMLAB · price

Loading chart…

▲ 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

-4.6%Reaction day

₹77.00

prior close

₹79.80

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-0.5%-4.1% vs market

On the reaction day the stock moved 4.1 pts less than Nifty Microcap 250, 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

-3.2

10m

-4.4

15m

-4.7

30m

-4.8

Sessions after the filingfrom the prior close

StockMarketvs market

Reaction day

-4.6-0.5-4.1

Next day

-7.1-2.0-5.1

-7.0-2.7-4.3

-9.0-1.7-7.3

-7.1-1.4-5.6

-7.8-2.8-5.0

-8.9-2.8-6.1

15d

-13.1-8.4-4.7

-16.6-9.1-7.5

-5.8-4.0-1.8

+37.7+2.6+35.0

UpDownMarket · Nifty Microcap 250Pending

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

AI summary

Zim Laboratories received a GST demand notice of Rs 2.20 crore from the Maharashtra State Tax department for FY 2021-22. The demand includes GST of Rs 1.69 crore, interest of Rs 34.29 lakh, and penalty of Rs 16.85 lakh. The tax authority alleges excess input tax credit was availed. The company plans to file an appeal and does not expect any material impact. Disclosure to stock exchanges was delayed.

Likely market impact

Tax demand of Rs 2.2 crore is not material per the company, but appeal outcome could affect future financials. Minor negative signal.