Announced Tue, 23 Jun · 16:42 IST
Madras High Court grants interim stay on earlier order
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 has received an interim stay from the Division Bench of the Madras High Court on an order dated 25 March 2026. The company had filed a Writ Appeal against the earlier order passed in W.P. No. 5850 of 2016. The stay is subject to certain conditions directed by the court, and the matter is posted for further hearing. Legal counsel is actively assessing the legal and financial implications.
Likely market impact
Positive for the company as the stay pauses enforcement of the earlier order. Final financial impact depends on the outcome of the appeal.