SEPC settles arbitration with Hindustan Copper; to receive Rs 30.44 cr plus Rs 72.54 cr work order

Arbitration wonRegulatory & Legal View source PDF Explain this filing

SEPC · price

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

-1.9%Reaction day

₹8.97

prior close

₹9.10

announcement price

In-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-0.6%-1.3% vs market

Civil Construction peers, median of 97sector-0.7%-1.2% vs sector

On the reaction day the stock moved 1.3 pts less than Nifty Microcap 250 and 1.2 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

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Sessions after the filingfrom the prior close

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Reaction day

-1.9-0.6-1.3-0.7-1.2

Next day

+1.0-0.2+1.2-0.1+1.1

+1.0+0.1+0.9+0.3+0.7

+14.0+0.6+13.5+1.0+13.0

+19.6-0.1+19.7+0.2+19.5

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15d

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+12.6+0.5+12.1-3.3+15.9

-29.1-8.7-20.4-15.3-13.8

UpDownMarket · Nifty Microcap 250Sector · Civil Construction peers, median of 97Pending

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

AI summary

SEPC has executed a Settlement Deed with Hindustan Copper Limited to end arbitration proceedings (Case AP No. 163 of 2023). Under the terms, SEPC will receive Rs 30.44 crore as full and final settlement of claims and counterclaims. HCL will also issue a supplementary work order worth Rs 72.54 crore for vertical shaft sinking work on an existing contract. The arbitration proceedings will now stand closed.

Likely market impact

Positive for shareholders: cash inflow of Rs 30.44 cr plus additional Rs 72.54 cr work order, arbitration closed.