HP Adhesives Limited has informed the Exchange about Action(s) initiated or orders passed

Regulatory & Legal View source PDF Explain this filing

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

-0.7%Reaction day

₹48.13

prior close

₹47.74

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-0.4%-0.3% vs market

Specialty Chemicals peers, median of 86sector+0.1%-0.7% vs sector

On the reaction day the stock moved 0.3 pts less than Nifty Microcap 250 and 0.7 pts less than its Specialty Chemicals 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

+0.5

10m

+0.5

15m

+0.4

30m

+0.1

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-0.7-0.4-0.3+0.1-0.7

Next day

-0.3+1.0-1.3+0.6-0.9

+1.2+2.3-1.1+1.2+0.0

+1.0+2.0-1.0+0.5+0.5

-1.0+1.8-2.8+0.6-1.7

-1.1+1.5-2.6+0.2-1.3

-0.4+2.4-2.8+0.2-0.6

15d

-2.6+3.3-5.9-0.6-2.0

+4.3+3.9+0.5-0.6+4.9

-6.3+0.4-6.7-7.7+1.4

-14.4-3.2-11.2-11.3-3.1

UpDownMarket · Nifty Microcap 250Sector · Specialty Chemicals peers, median of 86Pending

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

AI summary

HP Adhesives has received a Show Cause Notice (SCN) from the Joint Commissioner of Customs (NS-I) Nhava Sheva, demanding ₹28.70 lakhs in unpaid Anti-Dumping Duty (ADD) along with applicable interest. The demand relates to imports of goods worth ₹85.5 lakhs made in May and June 2021 (FY21-22), where ADD became applicable as per Notification No. 25/2021 dated 26th April 2021. The notice was issued under Section 124 read with Section 28 of the Customs Act, 1962. The company has stated it is evaluating the notice and will file a detailed reply with supporting evidence, and believes there is no immediate impact on its financial position or operations.

Likely market impact

The financial impact is small (₹28.7 lakhs is minor relative to a listed company's books), but the matter could affect customs compliance standing. Shareholders should watch for the company's reply and any subsequent order, though management has indicated no material operational impact.