HEG Limited has informed the Exchange about Action(s) taken or orders passed

SEBI penaltyRegulatory & Legal View source PDF Explain this filing

HEG · 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

-2.5%Reaction day

₹515.00

prior close

₹510.90

announcement price

After-mkt

timing

Nifty Smallcap 250market · index membership as recorded later (tracked since Jun 2026)-0.4%-2.1% vs market

Electrodes & Refractories peers, median of 10sector-0.4%-2.1% vs sector

On the reaction day the stock moved 2.1 pts less than Nifty Smallcap 250 and 2.1 pts less than its Electrodes & Refractories 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

-0.8

10m

-0.4

15m

-0.8

30m

-1.4

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-2.5-0.4-2.1-0.4-2.1

Next day

-1.7-0.0-1.7+0.3-2.0

-2.3+0.0-2.3+0.3-2.6

-5.4-0.2-5.2-1.2-4.2

-4.2-0.4-3.8-2.1-2.2

-4.1+0.1-4.2-0.3-3.9

-2.4-0.7-1.7-0.6-1.8

15d

+4.9+0.5+4.4-0.2+5.0

+3.2-4.1+7.3-3.2+6.4

-7.0-5.2-1.8-6.4-0.6

+0.2-4.2+4.4-2.4+2.6

UpDownMarket · Nifty Smallcap 250Sector · Electrodes & Refractories peers, median of 10Pending

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

AI summary

HEG Limited has paid a penalty of Rs 1,01,480 (inclusive of GST) to both NSE and BSE, totaling Rs 2,02,960, for alleged non-compliance with Regulation 17(1A) of SEBI's Listing Regulations (which relates to the appointment of non-executive directors aged 75 years or older without shareholder approval). The exchanges had earlier issued a notice on March 17, 2025. HEG filed a waiver application with NSE on March 20, 2025, which was rejected on June 30, 2025. The company has stated that the penalty has no material impact on its financials, operations, or other activities.

Likely market impact

The fine amount is tiny (under Rs 2.5 lakh combined) and the company has confirmed no material financial or operational impact. This is a routine compliance matter and is unlikely to affect the stock price or shareholder value.