Intimation regarding withdrawal of summon issued by the Court

Court Stay ObtainedRegulatory & Legal View source PDF Explain this filing

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

-0.5%Reaction day

₹5.72

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announcement price

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Nifty Microcap 250market · in no size index; the smallest one is used-1.2%+0.7% vs market

Civil Construction peers, median of 86sector-1.6%+1.1% vs sector

On the reaction day the stock moved 0.7 pts more than Nifty Microcap 250 and 1.1 pts more than its Civil Construction peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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-0.5-1.2+0.7-1.6+1.1

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+7.2+0.6+6.6-0.6+7.7

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UpDownMarket · Nifty Microcap 250Sector · Civil Construction peers, median of 86Pending

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

AI summary

Shashijit Infraprojects has informed BSE that a summon issued by the Court of 3rd Addl. Sr. Civil Judge & A.C.J.M Court, Surat, has been withdrawn by the Hon'ble Court on 25th July 2025. The summon had been issued under Section 25 of the Payment and Settlement Act, 2007, and Section 138 of the Negotiable Instruments Act, 1881 (related to cheque dishonour matters). The company has confirmed there is no financial, operational, or other impact, and the matter stands fully closed with no further appearance required.

Likely market impact

This is a positive development for shareholders — the legal matter has been resolved in the company's favour with no monetary or operational consequences, removing an overhang of pending litigation.