Announced Mon, 24 Aug · 23:26 IST
Delhi High Court dismisses Nitco writ petition; company to approach Supreme Court
NITCO · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
+0.2%1-day move
₹96.36
prior close
₹103.49
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+4.9+4.1+1.6-0.7+0.2+0.8-0.9-2.7-2.4-0.4-11.4———
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AI summary
Nitco Limited's writ petition challenging a 2019 customs settlement order was dismissed by the Delhi High Court on August 21, 2026. The court upheld an interest demand of about Rs 15.17 crore on a time-barred customs duty under the EPCG scheme. The company plans to file a Special Leave Petition in the Supreme Court. No material impact on operations is expected.
Likely market impact
Potential liability of about Rs 15.17 crore in interest. Company will appeal to the Supreme Court, so final outcome is still uncertain.