Announced Fri, 24 Apr · 12:28 IST
Non-Bailable Warrant Against Promoter Vacated; ₹2.20 Cr Settlement
LIBAS · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
+6.9%1-day move
₹11.45
prior close
₹11.70
base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+0.9+0.2+0.2+0.2+6.9+7.3+5.9+6.0+10.7+10.5+7.7+7.6+3.9-11.2
Up moveDown movePending
AI summary
The Bombay High Court vacated the non-bailable warrant issued against Mr. Riyaz Ganji, Promoter and Managing Director, upon signing of consent terms dated April 22, 2026. Under the settlement, Mr. Ganji will pay ₹2.20 crore to G S Majestic Developers Pvt. Ltd. as full and final settlement of all claims. This follows the company's earlier intimation dated April 7, 2026 regarding issuance of the warrant.
Likely market impact
Removes legal overhang on promoter; ₹2.20 Cr cash outflow from promoter for settlement. Positive clarity but watch for any related-party impact.