Permanent stay granted on Collector Surat order by Gujarat Appellate Authority

Court Stay ObtainedRegulatory & Legal View source PDF Explain this filing

RAMANEWS · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

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

-0.7%Reaction day

₹29.10

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+0.9%-1.6% vs market

Other Beverages peers, median of 5sector-2.3%+1.6% vs sector

On the reaction day the stock moved 1.6 pts less than Nifty Microcap 250 and 1.6 pts more than its Other Beverages peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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Reaction day

-0.7+0.9-1.6-2.3+1.6

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+1.7+0.7+1.0-5.0+6.7

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-2.6-1.5-1.1-14.1+11.5

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+3.1-2.4+5.5-10.9+14.0

+9.1-4.4+13.5-9.7+18.7

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UpDownMarket · Nifty Microcap 250Sector · Other Beverages peers, median of 5Pending

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

AI summary

Shree Rama Newsprint informed exchanges that the Gujarat Appellate Authority (Secretary Dispute, Revenue Dept) has granted a permanent stay on the effect and operation of the order dated 01.05.2025 passed by Collector Surat. The company had challenged this order earlier. The appellate order dated 03.11.2025, received on 11.11.2025, stays the impugned order until the final disposal of the appeal.

Likely market impact

Positive — removes immediate enforcement risk from the Collector Surat order until appeal is decided, reducing near-term uncertainty for shareholders.