Medico Remedies Limited has informed the Exchange about Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company

Court stay obtainedRegulatory & Legal View source PDF Explain this filing

MEDICO · price

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

-0.3%Reaction day

₹48.04

prior close

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announcement price

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Nifty Microcap 250market · in no size index; the smallest one is used-1.0%+0.8% vs market

Pharmaceuticals peers, median of 154sector-0.8%+0.6% vs sector

On the reaction day the stock moved 0.8 pts more than Nifty Microcap 250 and 0.6 pts more than its Pharmaceuticals peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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UpDownMarket · Nifty Microcap 250Sector · Pharmaceuticals peers, median of 154Pending

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AI summary

Medico Remedies has informed the exchanges that the Bombay High Court has quashed and stayed show cause notices issued by the Directorate General of GST Intelligence, Mumbai. The notices had raised a GST demand of Rs 2,94,18,355 (about Rs 2.94 crore) for financial years 2017-18, 2018-19 and 2019-20 under Rule 96 of the CGST Rules and Notification No. 54/2018. The company had challenged the notices through Writ Petition no. 10974 of 2025, and the court has now stayed their operation. The order was received on 11th September 2025, with the filing being made on 24th September 2025. The company states there is no immediate financial or operational impact from the matter.

Likely market impact

This is a positive development for shareholders as the potential Rs 2.94 crore GST liability has been put on hold by the court. It removes a near-term overhang on the company, though the final tax outcome may still depend on further proceedings.