World Bank debarment notice over Nigeria project order

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TARIL · price

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

-10.0%Reaction day

₹313.55

prior close

₹301.25

announcement price

After-mkt

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Nifty Smallcap 250market · index membership as recorded later (tracked since Jun 2026)-0.1%-9.8% vs market

Heavy Electrical Equipment peers, median of 27sector-0.0%-10.0% vs sector

On the reaction day the stock moved 9.8 pts less than Nifty Smallcap 250 and 10.0 pts less than its Heavy Electrical Equipment 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

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Next day

-5.3+0.6-5.9+0.7-6.0

-7.7+0.2-7.9+0.6-8.3

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UpDownMarket · Nifty Smallcap 250Sector · Heavy Electrical Equipment peers, median of 27Pending

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

AI summary

The World Bank notified TARIL on November 4, 2025 of sanctions proceedings over alleged irregularities in a $24.74 million order to supply 70 transformers for a Nigeria transmission project. The order was executed in FY22; three units were damaged, insurance payment was received in FY24, and replacements were supplied in FY25. TARIL plans to contest the notice.

Likely market impact

The debarment is limited to World Bank-funded projects. TARIL has no current or pending such orders and expects no material business or financial impact.