GST proceedings against Enviro Infra Engineers dropped by tax department

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

+1.6%Reaction day

₹202.25

prior close

₹205.37

announcement price

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Nifty Microcap 250market · index membership as recorded later (tracked since Jun 2026)+1.4%+0.2% vs market

Other Utilities peers, median of 12sector · industry level+0.3%+1.3% vs sector

On the reaction day the stock moved 0.2 pts more than Nifty Microcap 250 and 1.3 pts more than its Other Utilities peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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Next day

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AI summary

GST Department dropped proceedings against Enviro Infra Engineers. In June 2025, the company received a Show Cause Notice from Gujarat State Tax alleging GST discrepancies for FY 2021-22 with a demand of about Rs 84.25 lakhs towards tax, interest and penalty. The company replied with supporting documents. On December 20, 2025, the department passed an order dropping all proceedings. The matter is fully concluded with no demand, penalty or interest payable.

Likely market impact

Positive for shareholders - about Rs 84.25 lakh tax demand fully dropped, removing any financial liability on the company.