Announced Thu, 2 Jul · 12:31 IST
FEMA penalty of Rs 10 lakh set aside on appeal
Regulatory & Legal View source PDF
GINNIFILA · 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
+10.5%1-day move
₹49.50
prior close
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base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
————+10.5+10.5+3.3+4.0+9.4+6.2-4.5———
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AI summary
Ginni Filaments faced a Rs 10 lakh penalty from the ED/FEMA Lucknow office related to export proceeds. The company appealed, and on July 2, 2026, the Special Director (Appeals), FEMA Kolkata allowed the appeal and set aside the adjudication order, noting genuine efforts for realization of export proceeds. The matter stands resolved.
Likely market impact
Positive for shareholders. The Rs 10 lakh FEMA penalty has been fully set aside on appeal, removing this regulatory overhang.