Elecon Engineering Company Limited has informed the Exchange about Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company

Litigation LossRegulatory & Legal View source PDF Explain this filing

ELECON · price

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

+2.9%Reaction day

₹555.85

prior close

₹558.05

announcement price

After-mkt

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Nifty Smallcap 250market · index membership as recorded later (tracked since Jun 2026)+0.1%+2.8% vs market

Heavy Electrical Equipment peers, median of 27sector-0.6%+3.5% vs sector

On the reaction day the stock moved 2.8 pts more than Nifty Smallcap 250 and 3.5 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.

Minutes after the announcementfrom the announcement price · no benchmark

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Reaction day

+2.9+0.1+2.8-0.6+3.5

Next day

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UpDownMarket · Nifty Smallcap 250Sector · Heavy Electrical Equipment peers, median of 27Pending

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

AI summary

Elecon Engineering has informed exchanges that the Commissioner (Appeal) has rejected its appeal against a GST Commissioner order related to disputed CENVAT Credit for Assessment Year 2017-18. The disputed amount is Rs. 1,020.19 Lakhs (approx. Rs. 10.2 crore). The Commissioner (Appeal) upheld that the disputed CENVAT Credit cannot be utilised by the company. Elecon plans to challenge this order by filing a Writ Petition before the High Court of Gujarat. The financial impact on the company cannot be quantified at this stage as the matter is still sub judice.

Likely market impact

This is a negative development as the company has lost at the appellate level in a tax dispute worth over Rs. 10 crore. However, since Elecon is still pursuing the matter in the High Court, the final financial impact remains uncertain. Investors should monitor the High Court proceedings for any material outcome.