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

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ELECON · price

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▲ 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

-1.5%Reaction day

₹650.00

prior close

₹645.00

announcement price

After-mkt

timing

Nifty Smallcap 250market · index membership as recorded later (tracked since Jun 2026)-0.2%-1.3% vs market

Heavy Electrical Equipment peers, median of 26sector-0.7%-0.9% vs sector

On the reaction day the stock moved 1.3 pts less than Nifty Smallcap 250 and 0.9 pts less 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

Stock

-0.1

10m

+0.6

15m

+1.0

30m

+1.8

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-1.5-0.2-1.3-0.7-0.9

Next day

-3.1-2.1-1.0-3.0-0.0

-2.2-1.5-0.7-2.1-0.0

-2.2-0.8-1.4-1.2-1.0

-3.5+0.0-3.5-0.6-2.9

-1.6+1.6-3.2+1.1-2.7

+1.1+2.7-1.6+1.3-0.2

15d

+2.2+3.5-1.3+4.0-1.8

-7.6+4.3-11.9+1.0-8.6

-13.1-1.7-11.3-5.0-8.0

-4.6+1.8-6.4-0.1-4.6

UpDownMarket · Nifty Smallcap 250Sector · Heavy Electrical Equipment peers, median of 26Pending

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

AI summary

Elecon Engineering has received an order dated 16th June 2025 concluding proceedings under Section 128A of the CGST Act, 2017, resulting in a waiver of interest and penalty on a long-standing GST dispute. The original dispute, worth Rs. 146.15 lakhs, related to the company's claim of carrying forward Education Cess and Higher Secondary Education Cess as Service Tax credit in TRANS-1, which was contested by the Assistant Commissioner of GST, CGST Division Anand. The matter was pending before the Gujarat High Court. The company had already paid Rs. 67.75 lakhs under protest, disclosed as a contingent liability in FY2022-23. With this order, the company has secured a favorable outcome, with no further financial implications from this dispute.

Likely market impact

Positive for shareholders — the company has obtained relief on a pending tax dispute with waiver of interest and penalty, eliminating further financial liability from this matter and removing a long-pending overhang.