PNC Infratech Limited has informed the Exchange regarding 'Disclosure of information under Regulation 30 of the SEBI (LODR) Regulations, 2015 '.

Major Contract CancelledOrder Above 5pct RevenueBusiness Updates View source PDF Explain this filing

PNCINFRA · price

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▲ 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

-1.6%Reaction day

₹254.10

prior close

₹253.65

announcement price

In-mkt

timing

Nifty Microcap 250market · index membership as recorded later (tracked since Jun 2026)+1.3%-2.9% vs market

Civil Construction peers, median of 82sector+1.5%-3.1% vs sector

On the reaction day the stock moved 2.9 pts less than Nifty Microcap 250 and 3.1 pts less than its Civil Construction 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

+0.3

10m

-0.6

15m

-0.5

30m

-0.6

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-1.6+1.3-2.9+1.5-3.1

Next day

-2.8+0.4-3.2-0.5-2.3

-2.8+0.3-3.1-0.4-2.4

+2.1+5.0-2.9+4.7-2.6

+3.1+6.7-3.6+5.3-2.2

+2.3+8.4-6.1+7.3-5.0

+10.4+10.3+0.0+11.4-1.1

15d

+17.9+12.8+5.1+10.7+7.3

+23.7+16.0+7.7+11.2+12.5

+18.2+16.9+1.3+14.3+3.8

+21.2+12.5+8.7+7.2+14.0

UpDownMarket · Nifty Microcap 250Sector · Civil Construction peers, median of 82Pending

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

AI summary

PNC Infratech, in a JV with Aakshya Infra Projects, was awarded a Rs 2,039.61 crore EPC contract by CIDCO (Maharashtra government body) in October 2024 for road and infrastructure work under the NAINA Project. On May 6, 2025, the Bombay High Court quashed and set aside this work order after a losing bidder challenged the tender evaluation. PNC Infratech has filed a Special Leave Petition (SLP) in the Supreme Court on May 7, 2025, seeking a stay on the High Court order. The company has stated that the material and financial impact will be assessed after the Supreme Court's decision. The trading window for insiders remains closed until 48 hours after Q4 FY25 results are declared.

Likely market impact

This is a significant negative development as the Rs 2,039.61 crore order represented a major portion of PNC Infratech's order book. The stock could see downside pressure in the near term due to legal uncertainty, though the Supreme Court appeal provides some hope of relief. Shareholders should monitor the outcome of the SLP closely.