Isgec Heavy Engineering Limited has informed the Exchange about Action(s) taken or orders passed
ISGEC · price
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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.