Craftsman Automation Limited received a Goods and Services Tax demand of ₹68.72 lakh from Jamshedpur authorities for the fiscal years 2021-22 and 2022-23. The order, issued on September 30, 2026, cites purported excess availment of Input Tax Credit (ITC).

The Office of the Assistant Commissioner of Goods & Service Tax and Central Excise, Division-III, Jamshedpur passed the order under Section 74 of the Central Goods and Services Tax Act, 2017. In addition to the tax amount of ₹68,72,106, the notice includes applicable interest and a penalty equivalent to the tax amount.

Company response and impact assessment

The company stated that it is currently evaluating the implications of the order. Craftsman Automation intends to take appropriate legal recourse, including filing an appeal, as deemed necessary. Management maintains that the demand is not sustainable.

Regarding financial consequences, the company asserted that it does not foresee any material impact on its financials, operations, or other activities due to this order. The intimation was filed under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Order details

The company confirmed receipt of the order on October 5, 2026, and subsequently informed stock exchanges on October 6, 2026.

A large-trade signal flagged approximately 19,482 shares of Craftsman Automation on the NSE, printing at ₹10,903.00 per share for a combined value of ₹21.24 crore.

This is a real-time large-trade signal, not a confirmed block or bulk deal. NSE/BSE publish official block and bulk deal reports only after market close — this trade may or may not appear there.

Trade details

The following table summarises the parameters of the flagged activity:

The signal was generated by a real-time trade-scanning system that detected a cluster of trades in Craftsman Automation printing at or near ₹10,903.00 within a short window, flagged for size and speed. The exchange has not confirmed or reported this activity independently.

No buyer, seller, broker, or client identity is known at this stage. Such information, if applicable, would only be disclosed by the exchange in its official post-market reports.

What this is, and isn't: this reflects trade-level activity — a cluster of trades in the stock above, printed within a short window at or near the quoted price, for a combined value as stated. It is generated by our real-time trade-scanning system and is not, by itself, evidence of a block or bulk deal.

A block deal has to be executed in the exchange's dedicated window (8:45–9:00am or 2:05–2:20pm), within a set price band, and above the current minimum order size (₹25 crore). A bulk deal is when one client's total trading in a stock crosses 0.5% of its equity in a single day — confirmed only once every trade that client made is added up.

Both are published by NSE/BSE after trading hours end, typically after 3:30pm — never before. If this trade qualifies as either, it will appear in the exchange's own report later today, not here first.