Announced Mon, 20 Jul · 14:42 IST
Fluidomat cancels shed purchase deal; Rs 21 lakh advance refunded
Price
▲ 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
-7.9%1-day move
₹1007.05
prior close
₹990.00
base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+0.0-1.0-1.0-1.8-7.9-7.2-8.4-10.7-5.8—————
Up moveDown movePending
AI summary
Fluidomat Ltd. has cancelled, by mutual consent, its deal with Gajra Bevel Gears to buy a 2,000 sq. mt. tin shed in Dewas, M.P. for expansion. The deal was scrapped due to prolonged delays in getting regulatory approvals, making it unviable. The Rs 21 lakh advance paid earlier has been fully refunded. The company says no material impact on financials, as its expansion is already underway on its own land.
Likely market impact
Neutral. Advance fully recovered; planned shed purchase scrapped due to delays. Company continues expansion on its own land.