OMDC files Supreme Court appeals against Calcutta HC order in Jai Balaji case

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

+4.7%Reaction day

₹4890.00

prior close

₹4919.00

announcement price

In-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-0.5%+5.2% vs market

Industrial Minerals peers, median of 12sector+1.9%+2.8% vs sector

On the reaction day the stock moved 5.2 pts more than Nifty Microcap 250 and 2.8 pts more than its Industrial Minerals 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

Stock

-0.6

10m

-0.6

15m

-0.6

30m

+0.1

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+4.7-0.5+5.2+1.9+2.8

Next day

+2.2-1.3+3.5+1.3+0.9

+2.9-1.4+4.3+2.4+0.5

+2.3+0.0+2.3+3.7-1.4

+2.0+0.2+1.7+2.3-0.4

+5.5+1.2+4.4+3.3+2.2

+3.0+0.8+2.2+2.6+0.3

15d

-2.7-5.1+2.4-5.3+2.6

-12.1-8.8-3.3-10.8-1.3

-14.0-4.5-9.5-9.1-4.9

-32.6-13.7-18.9-23.5-9.1

UpDownMarket · Nifty Microcap 250Sector · Industrial Minerals peers, median of 12Pending

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

AI summary

OMDC has filed two Special Leave Petitions at the Supreme Court on 19 Dec 2025 against the Calcutta High Court order dated 9 Dec 2025. The HC dismissed OMDC's appeals and upheld the lower Barasat court judgment and arbitral award in the dispute with Jai Balaji Industries. OMDC is now challenging further at the top court.

Likely market impact

Adverse ruling at HC level stands for now. Outcome of SC appeal is uncertain and may materially affect financials if the award against OMDC is upheld.