Another Provisional Attachment Order from Enforcement Directorate; company to contest

Enforcement RaidRegulatory & Legal View source PDF Explain this filing

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

-0.4%Reaction day

₹12.41

prior close

₹11.90

announcement price

In-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+1.9%-2.3% vs market

Iron & Steel Products peers, median of 100sector+1.1%-1.5% vs sector

On the reaction day the stock moved 2.3 pts less than Nifty Microcap 250 and 1.5 pts less than its Iron & Steel 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

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30m

+4.6

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-0.4+1.9-2.3+1.1-1.5

Next day

+0.6+3.3-2.7+1.6-0.9

+0.7+3.5-2.7+1.7-1.0

-1.6+2.4-4.0+1.5-3.1

+8.0+3.1+4.9+1.4+6.5

+1.5+2.6-1.2+0.8+0.7

+0.2+2.1-1.9+0.2+0.0

15d

+2.8+0.9+1.9+0.0+2.8

+0.7+5.5-4.8+1.6-0.9

+3.4+8.1-4.7+6.8-3.4

+6.6+3.5+3.1+1.3+5.3

UpDownMarket · Nifty Microcap 250Sector · Iron & Steel Products peers, median of 100Pending

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

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.