Non-Bailable Warrant Against Promoter Vacated; ₹2.20 Cr Settlement

Court Stay ObtainedConsent Order AcceptedRegulatory & Legal View source PDF Explain this filing

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

+6.6%Reaction day

₹11.45

prior close

₹11.70

announcement price

In-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-1.4%+8.0% vs market

Garments & Apparels peers, median of 39sector-1.4%+7.9% vs sector

On the reaction day the stock moved 8.0 pts more than Nifty Microcap 250 and 7.9 pts more than its Garments & Apparels 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

+0.9

10m

+0.2

15m

+0.2

30m

+0.2

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+6.6-1.4+8.0-1.4+7.9

Next day

+6.9+1.0+5.9-0.8+7.7

+7.3+0.8+6.5-1.8+9.1

+5.9+0.8+5.1-2.0+8.0

+6.0+0.5+5.6-2.3+8.4

+10.7+1.9+8.8-1.6+12.3

+10.5+3.5+7.0-0.9+11.4

15d

+7.7-0.5+8.2-5.7+13.4

+7.6+3.4+4.2-3.3+10.9

+3.9+9.9-5.9-0.8+4.7

-11.2+9.0-20.2-7.4-3.8

UpDownMarket · Nifty Microcap 250Sector · Garments & Apparels peers, median of 39Pending

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

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.