Review Petition Order

Litigation lossRegulatory & Legal View source PDF Explain this filing

ORISSAMINE · 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

-0.5%Reaction day

₹4939.00

prior close

₹4900.00

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+0.5%-1.0% vs market

Industrial Minerals peers, median of 12sector-0.7%+0.2% vs sector

On the reaction day the stock moved 1.0 pts less than Nifty Microcap 250 and 0.2 pts more than its Industrial Minerals 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

-0.6

10m

-1.0

15m

-0.3

30m

+0.0

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-0.5+0.5-1.0-0.7+0.2

Next day

+0.1+1.0-1.0+0.9-0.8

+2.9+1.0+1.9+1.2+1.7

+5.0+2.4+2.6+3.0+1.9

+3.7+3.1+0.6+3.8-0.1

+6.9+3.6+3.3+4.3+2.6

+1.2+1.7-0.5+0.6+0.6

15d

-0.3+1.8-2.0+1.2-1.5

-3.0+3.6-6.6+1.6-4.5

-1.2+1.0-2.2+2.5-3.7

-2.9+0.5-3.4+3.0-5.9

UpDownMarket · Nifty Microcap 250Sector · Industrial Minerals peers, median of 12Pending

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

AI summary

The Supreme Court of India has dismissed the review petitions filed by OMDC and 3A Capitals Services Limited against the earlier judgment dated 17.05.2024. The court upheld the State of Odisha's rejection of the Kolha-Roida mining lease renewal and confirmed that applications for renewal of Thakurani and Dalki leases stand rejected/dismissed. The company found no justifiable reason to entertain the review, meaning the earlier unfavorable ruling against OMDC is now final. This affects three key mining leases that are central to OMDC's iron ore mining business. With the Supreme Court route exhausted, OMDC's ability to operate these mines is now seriously jeopardized.

Likely market impact

This is a major negative outcome for shareholders — the loss of key mining leases (Kolha-Roida, Thakurani, and Dalki) could significantly impact OMDC's future revenue and operations, and is likely to put downward pressure on the stock price.