HEG Limited has informed the Exchange about General Updates

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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 the exchanges that a show cause notice from the GST authority has been dropped. The notice, issued on July 1, 2025, by the Deputy Commissioner (SGST) in Mandideep, Bhopal, had proposed recovery of IGST refunds along with a penalty of Rs. 282.34 Crores for the tax period April 2018 to March 2019. The proceedings under Section 74 of the MPGST and CGST Acts have now been dropped on the basis of information available on record. The company has confirmed there is no financial or operational impact from this development, as the potential liability has been fully removed.

Likely market impact

Positive for shareholders — a potential Rs. 282.34 Crore tax liability has been fully eliminated with no financial cost to the company. This removes a significant overhang and is likely to be viewed favorably by the market.