Announced Thu, 9 Jul · 13:42 IST
Another Provisional Attachment Order from Enforcement Directorate; company to contest
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
+0.6%1-day move
₹12.41
prior close
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base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
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AI summary
Nova Iron & Steel Ltd received another Provisional Attachment Order (No. 17/2026, dated 08.07.2026) from the Enforcement Directorate, Delhi. The order is linked to the alleged money laundering case against Bhushan Power and Steel Ltd, which reportedly gave unsecured loans of around Rs. 151.58 Crores to NISL, treated as proceeds of crime. NISL says the order does not materially impact daily operations and will legally contest it before appropriate forums.
Likely market impact
Shares of NISL worth about Rs. 7.54 Crore attached by ED. Company plans to contest; management says no material operational impact.