Labour court compensation orders passed to a developer, not the company

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Price reactionminutes from the announcement price · days from the prior close

-7.2%Next day

₹48.80

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Nifty Microcap 250market · in no size index; the smallest one is used-2.7%-4.4% vs market

Iron & Steel Products peers, median of 98sector-2.6%-4.5% vs sector

By the next day the stock moved 4.4 pts less than Nifty Microcap 250 and 4.5 pts less than its Iron & Steel Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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UpDownMarket · Nifty Microcap 250Sector · Iron & Steel Products peers, median of 98Pending

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AI summary

Bombay Wire Ropes received an Industrial Court order and Industrial Tribunal award dated 24 Jan 2026, granting compensation of Rs 1 lakh per year per workman (covering 1995 to retirement). The company clarifies that all financial liability from these orders rests solely with a developer who had agreed to bear these costs under Consent Terms recorded by the Bombay High Court in July 2012. The disclosure is filed only as abundant precaution.

Likely market impact

No direct financial impact on the company as a third-party developer is responsible for all liabilities under a 2012 Bombay HC consent order.