Laxmi Dental subsidiary receives tariff refund
LAXMIDENTL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 0.1 pts less than Nifty Microcap 250 and 0.7 pts more than its Medical Equipment & Supplies peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
Minute windows have no benchmark: there is no intraday index history to compare against.
Laxmi Dental Limited said its US subsidiary, Laxmi Dental Lab USA, Inc., received a tariff refund of US$0.63 million, about INR 59.20 million, from US Customs and Border Protection. The refund follows US Supreme Court directions to return excess tariffs collected from importers.
A one-time cash inflow should support the subsidiary and company cash position, but the stock impact depends on the amount relative to Laxmi Dental's size.