Isgec Hit With Rs 40 Lakh GST Penalty, Plans to Appeal

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ISGEC · price

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

-4.2%Reaction day

₹855.00

prior close

₹840.00

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-0.6%-3.6% vs market

Civil Construction peers, median of 97sector-0.7%-3.5% vs sector

On the reaction day the stock moved 3.6 pts less than Nifty Microcap 250 and 3.5 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

-2.2

10m

-2.2

15m

-1.9

30m

-1.6

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-4.2-0.6-3.6-0.7-3.5

Next day

-4.9-0.2-4.7-0.1-4.9

-6.0+0.1-6.0+0.3-6.3

-1.8+0.6-2.3+1.0-2.8

-3.7-0.1-3.6+0.3-4.0

-5.6-1.0-4.6-0.9-4.7

-5.1-0.0-5.1-0.0-5.1

15d

+5.0+1.1+3.9+0.4+4.7

-6.7-2.9-3.8-4.5-2.2

+8.3+0.5+7.8-3.3+11.6

+9.6-8.7+18.3-16.3+25.9

UpDownMarket · Nifty Microcap 250Sector · Civil Construction peers, median of 97Pending

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

AI summary

The Office of the Commissioner of Customs and Central Tax imposed a Rs 31.06 lakh penalty plus Rs 8.94 lakh interest (total about Rs 40 lakh) on Isgec Heavy Engineering for claiming input tax credit in contravention of Rule 36(4) of the CGST Rules 2017. The order was received on December 8, 2025. The company plans to file an appeal under the Goods and Services Tax Act.

Likely market impact

Small financial hit of around Rs 40 lakh. Company disputes the order and will appeal, so final outcome is still pending.