Isgec Heavy Engineering Limited has informed the Exchange about Imposition of Penalty
ISGEC · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 2.1 pts less than Nifty Microcap 250 and 1.9 pts less than its Civil Construction peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Isgec Heavy Engineering has been slapped with a penalty by the Assistant Commissioner of Central Tax, Bangalore East Commissionerate. The tax demand totals Rs. 7.33 crore and an additional penalty of Rs. 7.33 lakh has been imposed, taking the total financial impact to about Rs. 7.91 crore. The action stems from the department not accepting the GST reconciliation figures reported in Column 12F of GSTR-9C. The company has stated that it will be filing an appeal against this order under the Goods and Services Tax Act. The order was received on December 30, 2025.
The Rs. 7.91 crore impact is small relative to the size of the company, but the pending appeal creates some uncertainty around final outflow. Investors should watch for updates on the appeal outcome, though near-term stock impact is likely limited.