Announced Tue, 23 Jun · 16:42 IST
Madras High Court grants interim stay; Manali Petrochemicals files appeal
MANALIPETC · 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
-0.5%1-day move
₹64.30
prior close
₹64.59
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+1.0+0.6+0.5+0.2-0.5-1.1+0.5+1.9+0.8-1.6-1.9+3.4——
Up moveDown movePending
AI summary
Manali Petrochemicals filed a Writ Appeal before the Division Bench of the Madras High Court against an order dated 25 March 2026 (W.P. No. 5850 of 2016). On 15 June 2026, the Division Bench granted an interim stay of the said order, subject to compliance with certain conditions. The matter is posted for further hearing. The company says legal counsel is assessing the legal and financial implications and advising on next steps.
Likely market impact
Positive for shareholders; court relief eases immediate pressure from the 25 March 2026 order, though the final ruling is still pending.