Please find enclosed herewith Update on NCLAT Order for your reference.

Nclt Insolvency AdmittedRegulatory & Legal View source PDF Explain this filing

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

+4.9%Reaction day

₹3.65

prior close

₹3.83

announcement price

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Nifty Microcap 250market · in no size index; the smallest one is used+0.4%+4.5% vs market

Trading & Distributors peers, median of 127sector+0.1%+4.8% vs sector

On the reaction day the stock moved 4.5 pts more than Nifty Microcap 250 and 4.8 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.

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Reaction day

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AI summary

A.F. Enterprises has informed the stock exchange about the latest hearing at NCLAT regarding its appeal against an NCLT order passed under the Insolvency and Bankruptcy Code, 2016. The NCLAT has observed that the company is inclined towards a settlement with its financial creditor. The matter has been listed for the next hearing on June 16, 2025. This is an update to the company's earlier communication dated May 6, 2025, where it had first announced its intention to appeal the NCLT order. The company has stated it is committed to protecting stakeholder interests and will continue to pursue legal remedies.

Likely market impact

For shareholders, this signals that the company is under insolvency-related proceedings and is now exploring a settlement route to resolve the matter. The outcome of the June 16 hearing will be a key catalyst — a successful settlement could help avoid liquidation, while failure may escalate the insolvency process, both of which are likely to affect stock price sentiment.