Karnataka tax demand of Rs 94 crore fully dropped

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HGINFRA · price

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

+3.6%Reaction day

₹403.80

prior close

₹400.70

announcement price

In-mkt

timing

Nifty Microcap 250market+1.3%+2.3% vs market

Civil Construction peers, median of 98sector+1.0%+2.6% vs sector

On the reaction day the stock moved 2.3 pts more than Nifty Microcap 250 and 2.6 pts more than its Civil Construction 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

+3.3

10m

+4.6

15m

+3.7

30m

+2.4

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+3.6+1.3+2.3+1.0+2.6

Next day

+3.0+1.1+1.9+0.6+2.4

-0.7-1.7+1.0-1.8+1.1

-0.7-1.5+0.7-0.9+0.1

-0.4-0.6+0.2-1.0+0.6

+1.3-0.4+1.7-0.6+1.9

+0.6-1.4+2.0-0.3+0.9

15d

-5.7-6.0+0.4-6.6+1.0

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UpDownMarket · Nifty Microcap 250Sector · Civil Construction peers, median of 98Pending

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

AI summary

H.G. Infra Engineering received a favorable order from the Deputy Commissioner of Commercial Taxes, Bengaluru, on October 5, 2026. A prior show cause notice seeking Rs 94 crore has been dropped in its entirety, with nil demand of tax, interest, and penalty. The company had submitted a detailed reply to the notice, and the order closes the proceedings fully.

Likely market impact

Positive: a Rs 94 crore tax demand has been fully removed, clearing a major financial overhang for the company and its shareholders.