NCLT reserves order in CIRP matter against AF Enterprises

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

+1.7%Reaction day

₹1.75

prior close

₹1.81

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+0.8%+0.9% vs market

Trading & Distributors peers, median of 140sector+0.0%+1.7% vs sector

On the reaction day the stock moved 0.9 pts more than Nifty Microcap 250 and 1.7 pts more than its Trading & Distributors 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

+2.2

30m

+0.6

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+1.7+0.8+0.9+0.0+1.7

Next day

+2.3+0.1+2.2-0.6+2.9

-2.3+0.0-2.3+0.0-2.3

-3.4-0.6-2.8-1.0-2.5

+0.0-0.9+0.9-2.0+2.0

-4.6+0.2-4.7-1.5-3.1

-4.6+1.2-5.8-0.4-4.1

15d

+1.1+0.7+0.4-2.6+3.7

-4.0-0.4-3.6-4.9+0.9

+20.6+5.2+15.4-4.3+24.9

+1.7+5.4-3.7-6.6+8.3

UpDownMarket · Nifty Microcap 250Sector · Trading & Distributors peers, median of 140Pending

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

AI summary

AF Enterprises has informed BSE that the NCLT New Delhi bench has passed a Reserved Order dated 10 June 2025 in the Corporate Insolvency Resolution Process (CIRP) under Section 7 of the IBC, filed by Findoc Finvest against the company. The company received the order copy on 19 June 2026. The bench heard counsel for the Resolution Professional on pending interlocutory applications and reserved the matter for final orders. CIRP proceedings were already underway. No final ruling has been pronounced yet.

Likely market impact

Procedural update in an ongoing insolvency case; CIRP was already initiated. Investors await the final NCLT ruling on pending applications, which could affect resolution timeline.