Please find enclosed herewith intimation for Order for dropping the proceedings

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

-1.5%Reaction day

₹66.99

prior close

₹69.95

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-0.3%-1.1% vs market

Industrial Products peers, median of 107sector-0.4%-1.0% vs sector

On the reaction day the stock moved 1.1 pts less than Nifty Microcap 250 and 1.0 pts less than its Industrial Products 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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10m

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15m

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30m

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Sessions after the filingfrom the prior close

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Reaction day

-1.5-0.3-1.1-0.4-1.0

Next day

-1.5-0.0-1.4-1.3-0.1

-3.0-1.0-1.9-1.6-1.4

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15d

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-10.0-2.7-7.3-5.3-4.7

-10.6+0.1-10.8-4.3-6.4

UpDownMarket · Nifty Microcap 250Sector · Industrial Products peers, median of 107Pending

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AI summary

Harish Textile Engineers Limited has received an order from the State Tax Officer, Commissionerate of Taxes, Government of Gujarat, dropping the proceedings under Section 73/74 of the GST law against the company. The order was dated June 12, 2025, and the matter stands closed and resolved. This relates to an earlier tax liability intimation received on June 13, 2024, under Form GST DRC-01A. The company has stated that there is no impact on its financial position, operations, or other activities as a result of this closure.

Likely market impact

This is a positive development for shareholders — a previously flagged GST tax proceeding has been resolved in the company's favor with no financial or operational impact, removing an overhang on the stock.