Customs order: partial relief, partial disallowance with Rs 1 lakh penalty

Regulatory & Legal View source PDF Explain this filing

HITECHGEAR · 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

-4.9%Reaction day

₹612.00

prior close

₹602.00

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+0.0%-4.9% vs market

On the reaction day the stock moved 4.9 pts less than Nifty Microcap 250, 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

-0.3

10m

-0.3

15m

-0.3

30m

+1.9

Sessions after the filingfrom the prior close

StockMarketvs market

Reaction day

-4.9+0.0-4.9

Next day

-4.9+1.3-6.2

-8.0+1.1-9.0

-8.2-1.7-6.4

-6.3-1.4-4.9

-7.2-0.6-6.6

-6.0+0.3-6.3

15d

-19.6-6.1-13.5

———

UpDownMarket · Nifty Microcap 250Pending

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

AI summary

Hi-Tech Gears received a customs order on Oct 1, 2026. Demand of Rs 73.78 lakh drawback and Rs 43.37 lakh RoDTEP was dropped, which is a relief. However, Rs 13.58 lakh drawback and Rs 8.77 lakh RoDTEP was disallowed with a Rs 1 lakh penalty plus applicable interest. The order relates to short or delayed realization of export proceeds. Company plans to appeal the disallowance. Management states there is no material financial or operational impact.

Likely market impact

Partial relief on customs demands with a small disallowance being appealed. No material impact expected on operations or finances.