MP Excise Dept suspends Som Distilleries factory license over 2012 case

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

-3.4%Reaction day

₹89.20

prior close

₹87.05

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-0.8%-2.6% vs market

Breweries & Distilleries peers, median of 24sector-0.1%-3.2% vs sector

On the reaction day the stock moved 2.6 pts less than Nifty Microcap 250 and 3.2 pts less than its Breweries & Distilleries 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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10m

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15m

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30m

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Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-3.4-0.8-2.6-0.1-3.2

Next day

+4.8+1.8+3.0+1.7+3.2

+7.6+2.8+4.8+0.6+7.1

-2.1+2.3-4.4+1.0-3.1

-1.8+1.8-3.6+1.2-3.0

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15d

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-20.8-8.0-12.9-6.7-14.1

-1.8+8.3-10.1-1.9+0.0

UpDownMarket · Nifty Microcap 250Sector · Breweries & Distilleries peers, median of 24Pending

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

AI summary

Som Distilleries says the MP Excise Department suspended the license of its Rojrachak factory in Raisen district citing a 2012 Sessions Court case in which the company was not a party and involved individuals who were not its employees. Production at Rojrachak has stopped temporarily. The company is challenging the action at the MP High Court at Jabalpur. Bhopal plant operations expected to resume soon. No impact on finances or debt servicing claimed.

Likely market impact

Production halted at Rojrachak unit temporarily. Management claims no financial impact. Stock may see volatility till court outcome.