Delhi High Court dismisses Nitco writ petition; company to approach Supreme Court

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NITCO · price

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▲ 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

-1.7%Reaction day

₹96.36

prior close

₹103.49

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-0.4%-1.2% vs market

Ceramics peers, median of 9sector-0.4%-1.2% vs sector

On the reaction day the stock moved 1.2 pts less than Nifty Microcap 250 and 1.2 pts less than its Ceramics 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

+4.9

10m

+4.1

15m

+1.6

30m

-0.7

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-1.7-0.4-1.2-0.4-1.2

Next day

+0.2+0.2+0.0+1.1-0.9

+0.8-0.1+0.9+0.5+0.3

-0.9+0.2-1.1+0.9-1.7

-2.7+0.5-3.2+3.1-5.8

-2.4-0.4-2.0+2.0-4.4

-0.4-0.4+0.1+4.7-5.1

15d

-11.4-2.5-8.9+0.4-11.8

-9.2+0.3-9.4+0.7-9.9

-29.4-9.4-20.0-6.1-23.4

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UpDownMarket · Nifty Microcap 250Sector · Ceramics peers, median of 9Pending

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

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.