Announced Tue, 7 Jul · 14:28 IST
Labour court compensation orders passed to a developer, not the company
Regulatory & Legal View source PDF
Price
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Price reaction · full curve 14 horizons · vs prior close
-7.2%1-day move
₹48.80
prior close
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base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
————-7.2-6.4+2.5+6.5-1.6+4.5————
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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.