GSK Pharma gets court decree demanding Rs 38.06 cr over old premises case

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

-0.9%Reaction day

₹2550.00

prior close

₹2575.00

announcement price

After-mkt

timing

Nifty Midcap 150market · index membership as recorded later (tracked since Jun 2026)+1.2%-2.0% vs market

Pharmaceuticals peers, median of 153sector+0.7%-1.6% vs sector

On the reaction day the stock moved 2.0 pts less than Nifty Midcap 150 and 1.6 pts less than its Pharmaceuticals 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

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10m

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Sessions after the filingfrom the prior close

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Reaction day

-0.9+1.2-2.0+0.7-1.6

Next day

-1.2+2.0-3.2+1.3-2.5

-2.5+2.1-4.6+1.4-3.9

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-3.5+1.4-4.9+0.7-4.3

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-2.9+1.8-4.7+0.7-3.6

15d

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+1.1-0.4+1.5-4.0+5.1

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UpDownMarket · Nifty Midcap 150Sector · Pharmaceuticals peers, median of 153Pending

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AI summary

GSK Pharma received a court decree from Court of Small Causes Bombay dated May 6, 2025, demanding Rs 38.06 crores. The decree relates to mesne profit for office premises used by Burroughs Wellcome India (a predecessor entity merged with GSK) from June 2001. It includes Rs 87.09 lakhs principal and Rs 37.19 crores in simple interest at 9%. The matter is over 24 years old. The company is evaluating the decree and plans to file an appeal to challenge it.

Likely market impact

Rs 38.06 cr court order against GSK Pharma from a 24-year-old premises case; company plans to appeal. Likely limited financial impact given company size.