Withdrawal of execution petition to enforce arbitration award

Arbitration wonRegulatory & Legal View source PDF Explain this filing

CEMPRO · price

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▲ 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

-0.7%Reaction day

₹1268.50

prior close

₹1271.00

announcement price

After-mkt

timing

Nifty Smallcap 250market+0.0%-0.7% vs market

Civil Construction peers, median of 97sector-0.2%-0.5% vs sector

On the reaction day the stock moved 0.7 pts less than Nifty Smallcap 250 and 0.5 pts less than its Civil Construction 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

-0.5

10m

-0.4

15m

+0.1

30m

-0.4

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-0.7+0.0-0.7-0.2-0.5

Next day

-2.8-1.6-1.2-2.0-0.8

-3.7-2.2-1.4-2.4-1.3

-6.1-2.0-4.1-2.6-3.6

-7.0-3.1-3.9-3.7-3.2

-8.6-2.8-5.9-3.5-5.2

-10.3-1.3-9.0-2.8-7.5

15d

-7.9-4.0-3.9-4.8-3.1

-10.6-8.7-1.9-10.4-0.2

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UpDownMarket · Nifty Smallcap 250Sector · Civil Construction peers, median of 97Pending

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

AI summary

The company had won an arbitration award of about Rs 4.71 crores plus interest in August 2023 against Baya Weaver Ltd and Saya Cementation Ltd for contractual disputes. It had filed an execution petition in December 2024 at the Delhi High Court to enforce the award. The company has now withdrawn this petition with permission to refile. It says there is no material financial impact and will file a new petition in due course.

Likely market impact

Withdrawal is procedural; company plans to refile the execution petition. No material financial impact stated by management.