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

Regulatory & 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

+7.0%Reaction day

₹532.50

prior close

₹551.35

announcement price

After-mkt

timing

Nifty Smallcap 250market · index membership as recorded later (tracked since Jun 2026)-0.9%+7.9% vs market

Electrodes & Refractories peers, median of 10sector+0.2%+6.8% vs sector

On the reaction day the stock moved 7.9 pts more than Nifty Smallcap 250 and 6.8 pts more 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

+3.9

10m

+4.6

15m

+4.0

30m

+6.4

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+7.0-0.9+7.9+0.2+6.8

Next day

-0.1-2.5+2.4-2.3+2.1

-0.2-1.6+1.4-0.0-0.2

-0.9-1.9+1.0+0.5-1.3

-1.8-3.1+1.3-0.8-0.9

-2.2-3.2+1.0-2.5+0.3

-5.1-4.0-1.2-3.3-1.8

15d

-8.7-1.4-7.3-2.1-6.6

-10.2-3.3-6.9-3.9-6.3

-4.8-3.5-1.3-0.8-4.0

+10.6+0.1+10.5-0.3+11.0

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 informed exchanges that a GST show cause notice received on July 1, 2025, has been dropped by the Deputy Commissioner (SGST), Mandideep Circle, Bhopal Division-2. The notice had proposed recovery of Rs. 282.34 Crores in IGST refunds along with penalty for the tax period April 2018 to March 2019. The proceedings under Section 74 of the MPGST Act 2017 and CGST Act 2017 were dropped on July 30, 2025, based on information available on record. The company stated there is no financial or operational impact from this development.

Likely market impact

Positive for shareholders — a potential tax liability of Rs. 282.34 Crores has been cleared, removing a significant overhang on the stock and reducing uncertainty around the company's financial position.