Intimation with respect to penalty levied by office of the Principal Commissioner of Custom Chennai-III
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 7.7 pts more than Nifty Microcap 250 and 7.5 pts more than its Non - Ferrous Metals peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
Minute windows have no benchmark: there is no intraday index history to compare against.
Sparkle Gold Rock Ltd has received an order dated 15 December 2025 (received on 19 January 2026) from the Office of the Principal Commissioner of Customs, Chennai-III, imposing a penalty of Rs. 5 crore each under Section 112(b)(iii) and Section 114(iii) of the Customs Act, 1962, totalling Rs. 10 crore. The allegations relate to alleged misuse of the company's Import Export Code (IEC) to provide legitimacy to a group of companies engaged in misdeclaration and circular trading. The company strongly denies involvement, stating it undertook no business transactions during the relevant period, received no funds, and that the existing directors were not on the Board at that time. The company plans to file an appeal against the order, and says business operations continue as usual with no significant financial impact.
Negative for sentiment and reputation, though the company is contesting the order. A Rs. 10 crore penalty is potentially material for this small-cap company, and adverse publicity may weigh on the stock despite management's denial. Watch for updates on the appeal outcome.