CEMPROBSECemindia Projects LtdMediumNegative
Announced Thu, 21 May · 13:14 IST

Letter enclosed

Court Stay ObtainedRegulatory & Legal View source PDF

CEMPRO · price

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▲ 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
+1.2%1-day move
₹850.15
prior close
₹872.00
base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-0.0+0.2+0.4+0.6+1.2+4.2+11.2+16.6+25.9+21.9+33.2+49.2+92.6
Up moveDown movePending
AI summary

Cemindia Projects has informed stock exchanges that a Special Judge court in Vijayawada, Andhra Pradesh, has discharged both the Company and a former employee from a criminal case. The case involved allegations of attempted bribery of public servants under the Prevention of Corruption Act, 1988. A charge-sheet had been filed against the former employee, a former representative, and the Company. Both parties filed a Criminal Miscellaneous Petition seeking discharge, which was granted by the court on 13th April, 2026. The Company states there are no expected financial implications from this matter.

Likely market impact

Positive development for shareholders as the Company has been cleared from a corruption-related criminal case, removing a legal cloud that had been pending since 2018. No financial losses or penalties are anticipated.