Isgec Heavy Engineering Limited has informed the Exchange about Intimation of Imposition of Penalty

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Price reactionminutes from the announcement price · days from the prior close

-1.9%Reaction day

₹915.00

prior close

₹911.45

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+0.2%-2.1% vs market

Civil Construction peers, median of 94sector+0.1%-1.9% vs sector

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.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

+0.4

10m

+0.7

15m

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30m

+1.4

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-1.9+0.2-2.1+0.1-1.9

Next day

-1.6+1.1-2.8+1.0-2.6

-3.3+1.4-4.7-0.1-3.1

-4.9+0.7-5.6-1.1-3.8

-5.4+0.7-6.1-1.3-4.0

-5.8-1.2-4.6-3.0-2.8

-12.8-3.7-9.1-6.3-6.5

15d

-19.7-9.0-10.7-12.4-7.3

-20.2-6.8-13.3-12.7-7.5

-4.3-7.6+3.4-12.9+8.6

-0.7-12.3+11.7-21.6+21.0

UpDownMarket · Nifty Microcap 250Sector · Civil Construction peers, median of 94Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Isgec Heavy Engineering has been imposed a penalty of Rs. 1,29,351 by the Superintendent, CGST, Raipur, along with a tax demand of Rs. 12,93,512, totaling Rs. 14,22,863. The action relates to alleged inadmissible Input Tax Credit wrongly availed and utilized under Section 73(1) of the CGST Act. The order was received on December 31, 2025. The company has stated it will file an appeal under the Goods and Services Tax Act against this order.

Likely market impact

The financial impact is minor at around Rs. 14.23 lakhs and is unlikely to materially affect the company's operations or stock price. The company plans to contest the order through an appeal, so the final amount may be reduced or reversed.