Intimation for receipt of Order imposing fine/penalty by Office of the Commissioner of Customs NS-II, Nhava Sheva, Maharashtra

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WABAG · price

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

-3.7%Reaction day

₹1581.00

prior close

₹1565.00

announcement price

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Nifty Microcap 250market · index membership as recorded later (tracked since Jun 2026)-1.7%-2.0% vs market

Other Utilities peers, median of 12sector · industry level-1.2%-2.5% vs sector

On the reaction day the stock moved 2.0 pts less than Nifty Microcap 250 and 2.5 pts less than its Other Utilities 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

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Reaction day

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Next day

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UpDownMarket · Nifty Microcap 250Sector · Other Utilities peers, median of 12Pending

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AI summary

VA Tech Wabag has received an order from the Commissioner of Customs (NS-II, Nhava Sheva) alleging incorrect availment of Duty Drawback under the Customs Act, 1962 on export of goods. The total demand includes an excess Duty Drawback of about ₹6.92 crore (₹60 lakh already paid in FY23), a penalty of ₹20.12 crore, and a redemption fine of ₹60.12 crore, aggregating roughly ₹87 crore. The company has stated it will pursue appropriate legal remedies against the order. The company has clarified that the demand does not have any material impact on its financial, operational or other activities. The order was received on August 25, 2025.

Likely market impact

Although the aggregate demand is sizeable (over ₹87 crore including penalty and fine), the company is contesting the order and has stated it is not a material financial impact. Near-term sentiment may be mildly negative due to the regulatory action, but the stock reaction will depend on the outcome of the company's legal challenge.