Madhav Copper Limited has informed the Exchange about Granting/withdrawal/surrender/cancellation/suspension of key licenses/ regulatory approvals
MCL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 0.6 pts more than Nifty Microcap 250 and 1.1 pts more than its Aluminium Copper & Zinc Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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The company has disclosed to the stock exchange that its GST registration was cancelled by the Gujarat State Tax (SGST) authorities on 24 March 2022 due to non-filing of GST returns, and was later restored on 25 April 2023 after the company applied for it. The company had previously not disclosed this cancellation to the exchange as required, which led SEBI to issue a show cause notice dated 27 February 2025. The company replied to the notice on 11 March 2025 and is now making this delayed disclosure to rectify the non-disclosure. The company's operations were impacted during the period of cancellation but resumed after the GST number was restored.
The financial impact appears limited and historical, as the GST issue was resolved in April 2023. However, the SEBI show cause notice for non-disclosure signals regulatory scrutiny and may weigh on sentiment, though no penalty has been imposed so far.