Disclosure Under Regulation 30 of SEBI LODR: Intimation on Court Stay Granted Regarding ESIC Demand and Recovery Notice

Court Stay ObtainedRegulatory & Legal View source PDF Explain this filing

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+14.3%Next day

₹63.00

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Nifty Microcap 250market · in no size index; the smallest one is used-0.0%+14.3% vs market

Other Consumer Services peers, median of 5sector-0.3%+14.6% vs sector

By the next day the stock moved 14.3 pts more than Nifty Microcap 250 and 14.6 pts more than its Other Consumer Services peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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AI summary

NIS Management Ltd has received a favorable ruling from the High Court of Calcutta, which has granted a stay on a demand notice and recovery notice previously issued by the Employees' State Insurance Corporation (ESIC). The company had challenged the ESIC demand by filing a writ petition. The stay will remain in effect until the ongoing proceedings at the ESI Court are finally disposed of. With the writ application now disposed of, the company has secured immediate relief from the demand and will continue to pursue the matter at the ESI Court. The original ESIC demand notice had been received by the company on January 16, 2026.

Likely market impact

Positive development for shareholders as the company gets temporary relief from the ESIC demand and recovery action, reducing immediate financial pressure while the underlying matter continues to be contested in the ESI Court.