Order of the Hon''ble Supreme Court

Litigation lossRegulatory & Legal View source PDF Explain this filing

ORISSAMINE · price

Loading chart…

▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

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

-3.5%Reaction day

₹4219.80

prior close

₹4214.90

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-0.4%-3.2% vs market

Industrial Minerals peers, median of 13sector-1.6%-1.9% vs sector

On the reaction day the stock moved 3.2 pts less than Nifty Microcap 250 and 1.9 pts less 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

-0.9

10m

-1.3

15m

-1.5

30m

-0.6

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-3.5-0.4-3.2-1.6-1.9

Next day

-5.3-1.7-3.6-3.9-1.4

-4.4-1.3-3.1-4.4+0.0

-4.7-0.7-4.0-2.4-2.3

-4.1+0.4-4.5-2.8-1.3

-4.2+0.5-4.7-1.7-2.4

-1.9+2.8-4.8-1.5-0.4

15d

-6.4+1.2-7.6-3.1-3.3

-4.9+5.3-10.3+0.5-5.4

-11.5+9.9-21.4-5.8-5.7

+15.4+13.1+2.3-8.4+23.8

UpDownMarket · Nifty Microcap 250Sector · Industrial Minerals peers, median of 13Pending

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

AI summary

The Supreme Court of India dismissed two Special Leave Petitions filed by Orissa Minerals Development Company Ltd (OMDC) against Jai Balaji Industries Ltd on May 8, 2026. These SLPs (Diary No. 73842/2025 and 73816/2025) were challenging a December 9, 2025 judgment by the Calcutta High Court Division Bench. The Supreme Court found no sufficient grounds to interfere with the High Court's order, effectively upholding the lower court's decision against OMDC. The company received the order on May 13, 2026, and disclosed it on May 14, 2026. The matter appears to be a long-standing civil dispute between the two companies.

Likely market impact

This is an adverse legal outcome for OMDC as the Supreme Court refused to overturn the High Court judgment. Shareholders should monitor for any financial implications from the underlying dispute with Jai Balaji Industries, as the company has exhausted its appellate remedies.