GST proceedings dropped against Enviro Infra Engineers; no demand payable

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EIEL · price

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

-0.6%Reaction day

₹175.00

prior close

₹177.51

announcement price

After-mkt

timing

Nifty Microcap 250market · index membership as recorded later (tracked since Jun 2026)+1.0%-1.6% vs market

Other Utilities peers, median of 12sector · industry level+1.2%-1.8% vs sector

On the reaction day the stock moved 1.6 pts less than Nifty Microcap 250 and 1.8 pts less than its Other Utilities 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

+1.2

10m

+1.7

15m

+2.0

30m

+1.1

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-0.6+1.0-1.6+1.2-1.8

Next day

-1.1+0.5-1.6+2.2-3.4

-3.7-0.0-3.6+1.5-5.2

-4.5-1.5-3.0-2.9-1.5

-7.5-2.2-5.3-2.3-5.2

-6.5-1.2-5.2-0.8-5.7

-7.1-2.4-4.8-2.8-4.3

15d

-17.9-8.8-9.1-12.6-5.3

-19.1-8.3-10.8-11.2-7.9

-0.8-3.5+2.7-2.2+1.4

+25.1+6.4+18.7+1.4+23.7

UpDownMarket · Nifty Microcap 250Sector · Other Utilities peers, median of 12Pending

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

AI summary

Enviro Infra Engineers informed exchanges that GST proceedings against the company have been dropped by the State Tax Officer, Punjab. Earlier, a Show Cause Notice alleged GST discrepancies of about 1.33 crore for FY 2022-23 along with interest and penalty demand of 76.36 lakh. After the company submitted replies and documents, the GST Department issued an order on 09.02.2026 dropping all proceedings. No demand, penalty, or interest is payable. The matter is fully concluded.

Likely market impact

Positive - potential tax liability of about 2.09 crore removed; clears a key overhang for shareholders.