Announced Wed, 8 Jul · 16:34 IST
Industrial Court orders against Bombay Wire Ropes; liability borne by developer
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
+10.4%1-day move
₹45.31
prior close
—
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
————+10.4+14.7+5.9+5.9+12.6+5.5————
Up moveDown movePending
AI summary
Bombay Wire Ropes received an Industrial Court order (Jan 2026) and Tribunal award directing the company to pay Rs 1 lakh per year per workman as compensation for an illegal lockout (1995-2006) and unjustified factory closure from Nov 2006 until retirement. However, the entire financial liability rests solely with a Developer under Consent Terms recorded by the Bombay High Court in July 2012. The company states no impact on its operations or financials. Disclosure made as a precaution.
Likely market impact
No financial impact as liability is contractually borne by a third-party Developer under High Court consent terms from 2012.