Customs Search and Seizure at Visakhapatnam Unit

Enforcement raidRegulatory & Legal View source PDF Explain this filing

MAITHANALL · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

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

-0.7%Reaction day

₹900.05

prior close

₹897.20

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+0.7%-1.4% vs market

Ferro & Silica Manganese peers, median of 7sector-1.5%+0.9% vs sector

On the reaction day the stock moved 1.4 pts less than Nifty Microcap 250 and 0.9 pts more than its Ferro & Silica Manganese 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

-0.5

10m

-0.2

15m

-0.2

30m

-0.1

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-0.7+0.7-1.4-1.5+0.9

Next day

-2.1-1.0-1.2-1.8-0.3

-2.2-0.3-2.0-0.6-1.6

-3.8-1.9-1.9-1.4-2.4

-7.6-4.5-3.2-5.4-2.2

-9.8-5.5-4.3-5.9-3.9

-14.7-7.3-7.4-11.0-3.7

15d

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UpDownMarket · Nifty Microcap 250Sector · Ferro & Silica Manganese peers, median of 7Pending

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

AI summary

Customs Department along with Directorate of Revenue Intelligence conducted a Search and Seizure at the company's Visakhapatnam Unit under Section 105 of the Customs Act, 1962. The action ran from 9th October 2026 at around 3 PM to 10th October 2026 at 3:30 AM. The company says it fully cooperated and provided all documents asked. As per the company, there is no financial impact at this stage and business operations continued without any disruption.

Likely market impact

No financial impact reported yet. Short-term uncertainty possible. Watch for further updates as the customs investigation develops.