US tariff refund of US dollar 2.68M (about Rs 25.6 cr) for US arm

Business Updates View source PDF Explain this filing

ELGIEQUIP · 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

+1.6%Reaction day

₹571.20

prior close

₹579.00

announcement price

In-mkt

timing

Nifty Smallcap 250market+0.1%+1.5% vs market

Compressors Pumps & Diesel Engines peers, median of 13sector-0.9%+2.5% vs sector

On the reaction day the stock moved 1.5 pts more than Nifty Smallcap 250 and 2.5 pts more than its Compressors Pumps & Diesel Engines 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

+0.9

10m

+0.6

15m

+0.6

30m

—

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+1.6+0.1+1.5-0.9+2.5

Next day

+1.9-0.5+2.4-2.3+4.2

+3.1-0.4+3.5-2.0+5.1

+5.2+0.0+5.1-2.7+7.8

+1.9-1.3+3.2-3.5+5.4

+2.4-2.5+4.9-4.0+6.4

+0.7-1.5+2.2-4.4+5.1

15d

+2.9+1.4+1.5-5.2+8.1

+9.4+1.2+8.2-2.9+12.3

+3.9-1.3+5.2-10.8+14.7

+0.1-2.5+2.7-12.6+12.8

UpDownMarket · Nifty Smallcap 250Sector · Compressors Pumps & Diesel Engines peers, median of 13Pending

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

AI summary

Elgi Equipments' fully owned US subsidiary Elgi Compressors USA INC has received a tariff refund of US dollar 2.68 million (about Rs 25.6 crores) from US Customs and Border Protection. The refund follows a US Supreme Court directive asking the US government to return excess tariffs it had collected from importers. The disclosure is filed under SEBI Regulation 30.

Likely market impact

Positive one-time cash inflow of about Rs 25.6 crores into US arm; mild support to overall financials, not recurring in nature.