Ircon International Limited has informed the Exchange about Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company

Court Stay ObtainedRegulatory & Legal View source PDF Explain this filing

IRCON · 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

+2.6%Reaction day

₹126.50

prior close

₹127.78

announcement price

After-mkt

timing

Nifty Smallcap 250market · index membership as recorded later (tracked since Jun 2026)+1.8%+0.8% vs market

Civil Construction peers, median of 93sector+2.1%+0.5% vs sector

On the reaction day the stock moved 0.8 pts more than Nifty Smallcap 250 and 0.5 pts more than its Civil Construction 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

+1.3

10m

+0.4

15m

+0.6

30m

+1.0

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+2.6+1.8+0.8+2.1+0.5

Next day

-1.9-0.9-1.0-0.2-1.7

-2.0-0.7-1.4-0.1-1.9

-8.8-4.4-4.3-5.0-3.8

-6.0-2.1-3.9-2.9-3.0

-1.8+0.3-2.1-1.7-0.1

-8.9-4.0-4.9-9.0+0.0

15d

+7.1+5.4+1.7+8.8-1.7

+19.3+10.0+9.3+13.7+5.6

+11.4+10.6+0.7+9.6+1.7

+9.7+18.3-8.6+13.6-3.9

UpDownMarket · Nifty Smallcap 250Sector · Civil Construction peers, median of 93Pending

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

AI summary

The Patna High Court had on 25th February 2026 upheld VAT demands on Ircon International for FY 2010-11 to FY 2016-17 (excluding FY 2011-12) totalling approximately Rs. 78.64 crore, related to the Ganga Bridge Project executed by the company. Aggrieved by this ruling, Ircon filed Special Leave Petitions in the Supreme Court. On 16th March 2026, the Supreme Court issued notice to the VAT department and stayed the operation of the Patna High Court's judgment, meaning the Rs. 78.64 crore demand is currently on hold until the petitions are disposed of. This is a continuation of disclosures made earlier in August 2023 and February 2026.

Likely market impact

Positive for shareholders in the short term as the Rs. 78.64 crore cash outflow is deferred. The final outcome still depends on the Supreme Court's decision, so the relief is temporary and the matter remains a contingent liability until resolved.