Suzlon faces Rs 9.60 Cr customs penalty, plans appeal

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SUZLON · price

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

-1.5%Reaction day

₹45.05

prior close

₹45.26

announcement price

In-mkt

timing

Nifty Midcap 150market · index membership as recorded later (tracked since Jun 2026)+0.5%-2.0% vs market

Heavy Electrical Equipment peers, median of 30sector+0.1%-1.6% vs sector

On the reaction day the stock moved 2.0 pts less than Nifty Midcap 150 and 1.6 pts less 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

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15m

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30m

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Sessions after the filingfrom the prior close

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Reaction day

-1.5+0.5-2.0+0.1-1.6

Next day

-1.6+0.3-1.9+0.4-2.1

-1.6+0.0-1.6-0.3-1.3

-4.0+0.7-4.7-0.7-3.4

-3.8+1.3-5.1+0.8-4.6

-5.3+0.2-5.5+0.4-5.7

-11.4-3.7-7.7-6.4-5.0

15d

-9.0-7.6-1.4-6.3-2.7

-6.9-7.3+0.3-5.1-1.8

+16.3+1.0+15.3+15.3+1.0

+16.8+3.0+13.9+14.5+2.4

UpDownMarket · Nifty Midcap 150Sector · Heavy Electrical Equipment peers, median of 30Pending

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

AI summary

Suzlon Energy has been ordered by the Principal Commissioner of Customs, Chennai to pay a penalty of Rs 9.60 Crores for alleged short payment of customs duty under IGST. The order, received on 19 February 2026, relates to Suzlon Global Services, which has since merged with Suzlon Energy. The company will file an appeal with the appropriate authorities, and the penalty is contingent on the appeal outcome.

Likely market impact

Customs penalty of Rs 9.60 Cr pending appeal; financial impact contingent on outcome and not expected to be material.