Disclosure of demand notice received under IBC Code, 2016.

Regulatory & Legal View source PDF Explain this filing

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

-1.0%Reaction day

₹14.62

prior close

₹13.85

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-0.1%-1.0% vs market

Ferrous Metals peers, median of 23sector · industry level+0.0%-1.0% vs sector

On the reaction day the stock moved 1.0 pts less than Nifty Microcap 250 and 1.0 pts less than its Ferrous Metals 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

+6.1

10m

+6.1

15m

+6.1

30m

+6.0

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-1.0-0.1-1.0+0.0-1.0

Next day

+1.9+1.5+0.4+0.2+1.7

+0.9+3.1-2.2+2.4-1.5

+0.5+3.0-2.5+1.0-0.5

-1.5+1.6-3.1+0.0-1.5

-0.5-1.6+1.0-2.6+2.1

-1.6-0.6-1.0-0.3-1.4

15d

-7.5+2.2-9.7-1.5-6.1

-9.4+2.6-11.9-0.1-9.3

-12.4+8.9-21.3-4.4-8.1

-16.1+11.4-27.5-2.6-13.5

UpDownMarket · Nifty Microcap 250Sector · Ferrous Metals peers, median of 23Pending

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

AI summary

Bihar Sponge Iron Limited has disclosed receiving a Demand Notice under the Insolvency and Bankruptcy Code, 2016, from M/s Gohil Enterprises Private Limited. The notice pertains to an alleged unpaid operational debt. The total amount claimed is Rs. 1,97,94,250 (approximately Rs. 1.98 crore). The company states the matter is under review and it is taking legal steps. Crucially, the company has clarified that it has neither acknowledged nor admitted the claim and has not recognized any liability. The disclosure is being made considering the materiality of the amount involved.

Likely market impact

This demand notice signals potential financial stress but the company has explicitly denied liability. Until the claim is admitted or resolved through NCLT, the impact on shareholders remains uncertain and could create negative sentiment around the stock.