MRPLNSEMangalore Refinery and Petrochemicals Limited· RefineriesHighNegative
Announced Thu, 14 May · 12:31 IST

Disclosure of event or information under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

Arbitration WonRegulatory & Legal View source PDF

MRPL · price

Loading chart…

▲ 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
-4.2%1-day move
₹156.15
prior close
₹153.49
base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+0.0-0.0+0.0-0.1-4.2-4.5-7.0-5.0-3.9-2.8-0.9+8.3+0.8
Up moveDown movePending
AI summary

MRPL received a favorable Final Order from the Customs Excise and Service Tax Appellate Tribunal (CESTAT), Bangalore, in a customs duty classification dispute. The case involved reformats imported between October 2015 and February 2017, where the Customs Department had demanded ₹616.82 crore (including ₹212.11 crore differential duty, ₹46.30 crore interest, ₹258.41 crore penalty, and ₹100 crore redemption fine). MRPL had paid ₹212.53 crore under protest during the investigation. CESTAT allowed MRPL's appeal, making the company eligible for a refund of the amount paid under protest.

Likely market impact

The favorable CESTAT ruling will allow MRPL to recover ₹212.53 crore in cash, improving its liquidity. It also extinguishes a contingent liability of ₹616.82 crore, which is a significant positive for the company's balance sheet.