ED provisionally attaches Salasar properties worth 98.31 crore under PMLA

Enforcement raidRegulatory & Legal View source PDF Explain this filing

SALASAR · price

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

+2.3%Reaction day

₹4.82

prior close

₹4.78

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-0.1%+2.4% vs market

Industrial Products peers, median of 134sector-0.6%+2.8% vs sector

On the reaction day the stock moved 2.4 pts more than Nifty Microcap 250 and 2.8 pts more than its Industrial 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

Stock

+0.8

10m

+0.6

15m

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30m

-0.2

Sessions after the filingfrom the prior close

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Reaction day

+2.3-0.1+2.4-0.6+2.8

Next day

+1.2+0.7+0.5+0.3+1.0

+1.9+2.3-0.5+1.0+0.9

+0.8+2.2-1.4+1.4-0.6

+2.9+2.6+0.3+1.5+1.4

+2.7+3.9-1.2+2.1+0.6

-1.7+2.7-4.3+1.5-3.2

15d

-15.4-1.2-14.1-1.6-13.7

-12.0-0.2-11.9-0.5-11.6

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UpDownMarket · Nifty Microcap 250Sector · Industrial Products peers, median of 134Pending

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

AI summary

ED issued a Provisional Attachment Order under Section 5(1) of PMLA attaching immovable properties worth 98.31 crore for 180 days. Two properties affected: Bhilai manufacturing plant in Chhattisgarh (40.95 crore attached) and Solar Power Plant in Prayagraj, UP (57.36 crore attached). Neither the company nor its Chairman and Managing Director have been named as accused. Company says no disruption to business operations.

Likely market impact

Negative sentiment likely. Properties worth about 98 crore frozen for 180 days under PMLA probe. Company claims normal business continues.