Customs inquiry on CEPA imports; firm voluntarily deposits Rs 20.64 crore

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MANORAMA · price

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

-4.5%Reaction day

₹1674.00

prior close

₹1679.90

announcement price

After-mkt

timing

Nifty Microcap 250market-0.2%-4.3% vs market

Other Food Products peers, median of 26sector-0.1%-4.4% vs sector

On the reaction day the stock moved 4.3 pts less than Nifty Microcap 250 and 4.4 pts less than its Other Food Products 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

-1.6

15m

-2.9

30m

-3.9

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-4.5-0.2-4.3-0.1-4.4

Next day

-2.7+0.2-2.9-0.9-1.8

-3.8+0.4-4.2-0.8-3.0

+4.1+0.4+3.6-0.4+4.5

+16.8+0.6+16.2+0.2+16.5

+13.4+0.9+12.5-1.2+14.7

+16.5+0.9+15.6-1.1+17.6

15d

+9.3+0.9+8.4-1.1+10.5

+23.1+2.3+20.7-5.0+28.1

+18.3-1.1+19.4-3.2+21.5

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UpDownMarket · Nifty Microcap 250Sector · Other Food Products peers, median of 26Pending

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

AI summary

Manorama Industries says Customs in Indore began an inquiry on its Palm Mid Fraction imports from a UAE supplier under the India-UAE CEPA. The firm voluntarily deposited about Rs 20.64 crore covering differential customs duty (Rs 16.95 crore), IGST (Rs 84.76 lakh), interest (Rs 1.81 crore), and penalty (Rs 1.03 crore). It has issued a debit note and legal notice to the UAE supplier to recover this amount and may pursue arbitration. No further material impact expected.

Likely market impact

About Rs 20.64 crore one-time hit already paid; recovery from UAE supplier possible; no further material impact stated.