Bharat Heavy Electricals Limited has informed the Exchange about Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company- Revised Information
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On the reaction day the stock moved 1.8 pts more than Nifty Midcap 150 and 1.1 pts more than its Heavy Electrical Equipment peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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BHEL received an adjudication order from the Assistant Commissioner (ST), Commercial Tax Department, Telangana, on January 1, 2026, related to a FY 2021-22 GST matter. The original show cause notice had raised a demand of Rs. 184.55 Crore, but the order came largely in BHEL's favor, dropping Rs. 183.77 Crore of the demand along with interest and penalty. Only a small balance of Rs. 1.43 Crore (Rs. 0.78 Cr demand, Rs. 0.58 Cr interest, Rs. 0.07 Cr penalty) remains, which BHEL plans to appeal before Appellate Authorities. The issue pertained to tax demanded on export of goods completed beyond the prescribed time period, which the company says is strong on merits.
This is a positive outcome for BHEL shareholders, as over 99% of the original tax demand was dropped in its favor. The remaining Rs. 1.43 Crore is a negligible amount and is being appealed, so material financial impact on the company is unlikely.