GIDC penalty fully waived after second corrigendum order

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

+1.3%Reaction day

₹1155.00

prior close

₹1140.10

announcement price

After-mkt

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Nifty Smallcap 250market · index membership as recorded later (tracked since Jun 2026)+1.0%+0.3% vs market

Civil Construction peers, median of 98sector+1.3%+0.0% vs sector

On the reaction day the stock moved 0.3 pts more than Nifty Smallcap 250 and in line with 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

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Reaction day

+1.3+1.0+0.3+1.3+0.0

Next day

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UpDownMarket · Nifty Smallcap 250Sector · Civil Construction peers, median of 98Pending

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AI summary

GIDC has passed a second corrigendum order reducing the aggregate non-use penalty to Nil from the original INR 2.12 crores plus GST on leased land plots in Gandhinagar. The penalty was for alleged non-fulfillment of ground coverage construction. A first corrigendum in November 2025 had already reduced INR 0.44 crore to Nil, and this latest order clears the entire penalty amount.

Likely market impact

Positive for shareholders - the full penalty burden has been removed, with no remaining financial impact on the company.