Supreme Court Update on Ganajur Mining Lease Case

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

-2.0%Reaction day

₹199.00

prior close

₹199.05

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-1.3%-0.7% vs market

Non - Ferrous Metals peers, median of 19sector · industry level-1.7%-0.2% vs sector

On the reaction day the stock moved 0.7 pts less than Nifty Microcap 250 and 0.2 pts less than its Non - Ferrous Metals 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

-0.3

10m

-1.2

15m

-0.9

30m

-1.8

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-2.0-1.3-0.7-1.7-0.2

Next day

-5.5-1.3-4.2-0.6-4.9

+0.3+0.0+0.2-0.3+0.5

-0.5-0.2-0.3+0.7-1.2

-4.2-3.0-1.2-0.8-3.4

-0.0-2.7+2.7-1.7+1.7

-1.8-1.7-0.1-2.4+0.6

15d

-16.9-8.9-8.0-9.1-7.7

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UpDownMarket · Nifty Microcap 250Sector · Non - Ferrous Metals peers, median of 19Pending

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

AI summary

Supreme Court heard the Ganajur Mining Lease matter involving Indocil Silicons on Sept 29, 2026. Court directed that parties with impleadment applications will also be heard. DESPL, the company's wholly owned subsidiary, whose impleadment was allowed in Sept 2023, will get a chance to present its case. Company plans to take all steps to protect its interests in the mining lease.

Likely market impact

Procedural update. Subsidiary DESPL gets opportunity to argue its case at Supreme Court, which is positive for safeguarding its mining lease interests.