Customs penalty reduced to Rs.215.86 Lacs from Rs.428.50 Lacs

Regulatory & Legal View source PDF Explain this filing

SUZLON · price

Loading chart…

▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

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

+1.0%Reaction day

₹57.49

prior close

₹57.61

announcement price

In-mkt

timing

Nifty Midcap 150market · index membership as recorded later (tracked since Jun 2026)+0.4%+0.5% vs market

Heavy Electrical Equipment peers, median of 27sector-0.1%+1.0% vs sector

On the reaction day the stock moved 0.5 pts more than Nifty Midcap 150 and 1.0 pts more than its Heavy Electrical Equipment 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

+0.2

10m

+0.7

15m

+0.6

30m

—

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+1.0+0.4+0.5-0.1+1.0

Next day

+1.4+1.2+0.2+0.5+0.9

+0.1+0.9-0.8+0.6-0.5

+0.4+0.9-0.6+0.7-0.4

+0.3+1.6-1.3+1.1-0.7

-1.2+1.0-2.2+0.5-1.7

-1.4+1.3-2.6+1.5-2.9

15d

-6.9+0.9-7.8-2.7-4.3

-9.5-1.1-8.4-9.4-0.1

-14.2-0.8-13.4-12.9-1.3

-17.5+1.1-18.6-7.4-10.1

UpDownMarket · Nifty Midcap 150Sector · Heavy Electrical Equipment peers, median of 27Pending

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

AI summary

Customs authority has reduced the earlier fine and penalty on Suzlon from Rs.428.50 Lacs to Rs.215.86 Lacs, comprising a Rs.50 Lacs redemption fine plus Rs.165.83 Lacs penalty along with applicable interest. The original July 2024 order related to alleged non-payment of Countervailing Duty and Anti-Dumping Duty on casting parts imported from China. Company states there is no material financial or operational impact and will continue to appeal.

Likely market impact

Partial relief for shareholders as the customs penalty has been roughly halved. Company plans further appeal, so final outcome is still pending. No material impact disclosed.