Sambhv Steel discloses pending land fraud litigation, Rs 2.51 crore recovery pending

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

-2.8%Reaction day

₹90.50

prior close

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announcement price

After-mkt

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Nifty Microcap 250market · in no size index; the smallest one is used-1.3%-1.5% vs market

Iron & Steel Products peers, median of 90sector-1.2%-1.5% vs sector

On the reaction day the stock moved 1.5 pts less than Nifty Microcap 250 and 1.5 pts less than its Iron & Steel Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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UpDownMarket · Nifty Microcap 250Sector · Iron & Steel Products peers, median of 90Pending

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AI summary

Wholly owned subsidiary Sambhv Tubes filed an FIR on Jan 16, 2026 at Saraswati Nagar Police Station, Raipur against 14 parties for alleged fraud in a land purchase at Nevda, Chhattisgarh. Advance of Rs 11.51 crore was paid; Rs 6 crore via demand draft and Rs 3 crore via cheques already recovered. Balance Rs 2.51 crore is under active follow-up for refund. Company says no penalty or compensation outflow is expected. Disclosure was delayed due to internal review and verification but the company states the delay was not deliberate.

Likely market impact

Company is acting as complainant, not accused. Most funds recovered; Rs 2.51 crore pending. Limited expected financial impact, but delayed disclosure may raise governance concerns.