Eureka Forbes: Update on receipt of Show Cause Notice from Uttar Pradesh GST Authorities

What happened

Eureka Forbes (EUREKAFORB) filed a disclosure with the exchanges on 1 October 2026 at 07:51 PM titled "Update on receipt of Show Cause Notice from Uttar Pradesh GST Authorities".

Company snapshot

Eureka Forbes is a small-cap company in the Consumer Durables sector, with a market value of about ₹7,023 crore.

The stock last traded at ₹363, against a 52-week range of ₹350–₹668.3 (45.7% below the high).

Before this filing the shares had moved −15.5% over the month and −24.5% over three months. Average daily turnover over the last 20 sessions was about ₹6.65 crore.

Promoters held 62.55% at the end of Q1 FY27, down 0.01% points from the previous quarter; 100.00% of promoter shares were pledged. Foreign institutions owned 13.25% and domestic institutions 6.70%.

What history shows

BCEIE's records show 1 previous litigation filing from the company since May 2026.

Across 9 similar disclosures by other Consumer Durables companies, shares moved −0.7% on average the next day and −1.4% over five days; 44% of them rose the next day.

Market-wide, 529 litigation filings with an impact score of 50 or more saw an average next-day move of −0.3%, with 35% rising.

Past reactions describe what happened before; they are not a forecast.

In the news

Recent coverage elsewhere (links open the original publisher):

• Eureka Forbes gets GST notice of Rs 273 crore from Uttar Pradesh tax authority — cfo.economictimes.indiatimes.com, 29 Sept 2026
• Eureka Forbes receives ₹273 crore GST show-cause notice from Uttar Pradesh tax authority — CNBC TV18, 28 Sept 2026
• Eureka Forbes vs Nifty 50: Share Price Performance Compared — Univest, 21 Sept 2026
• Lunolux pledges 22.3M Eureka Forbes shares, encumbrance hits 51% — scanx.trade, 18 Sept 2026
• EUREKA FORBES LIMITED (EUREKAFORB.NS) Q3 25/26 earnings call transcript — Yahoo Finance, 22 Sept 2026

Source

• Exchange filing (PDF)