Isgec Heavy Engineering Limited has informed the Exchange about Action(s) taken or orders passed
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 0.3 pts less than Nifty Microcap 250 and 0.6 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.
Minute windows have no benchmark: there is no intraday index history to compare against.
Isgec Heavy Engineering has been issued a penalty order by the Deputy Excise and Taxation Commissioner, Jagadhari, Ambala, Haryana, received on August 7, 2025. The total penalty is Rs. 23,87,276, comprising Rs. 11,87,053 towards IGST and Rs. 6,00,112 each for CGST and SGST. The reason is Input Tax Credit (ITC) claimed by the company that was disallowed by the tax authority. The financial impact is limited to the penalty amount mentioned. The company has disclosed this under SEBI Listing Regulations as a material event.
The penalty of around Rs. 24 lakh is small relative to the company's size and is unlikely to have any meaningful impact on financials or stock price. However, it signals a tax compliance issue that shareholders should monitor.