Delhi High Court stays stamp duty order against Poly Medicure
POLYMED · price
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On the reaction day the stock moved 1.1 pts less than Nifty Smallcap 250 and 1.9 pts less than its Medical Equipment & Supplies peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Poly Medicure informed exchanges that the Delhi High Court has stayed the operation of an order dated June 15, 2026, passed by the Office of the Collector of Stamps, Revenue Department, Government of NCT of Delhi, in a stamp duty matter. The company had filed a writ petition challenging this order. On the hearing date of July 3, 2026, the respondent did not appear, and the court granted a stay on the impugned order till the next date of hearing. The company received the court order copy on July 7, 2026.
Positive for shareholders — the adverse stamp duty order is paused, giving the company temporary relief until the next court hearing.