Creditors approve Form G to invite resolution applicants

Nclt Insolvency AdmittedRegulatory & Legal View source PDF Explain this filing

AGSTRA · price

Loading chart…

▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

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

-3.5%Reaction day

₹4.28

prior close

₹4.21

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+0.5%-4.0% vs market

Financial Technology (Fintech) peers, median of 7sector+0.8%-4.3% vs sector

On the reaction day the stock moved 4.0 pts less than Nifty Microcap 250 and 4.3 pts less than its Financial Technology (Fintech) 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

-0.2

10m

-1.4

15m

-1.4

30m

-1.9

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-3.5+0.5-4.0+0.8-4.3

Next day

-2.3+0.3-2.6+1.0-3.3

+0.0-0.1+0.1+0.9-0.9

+0.0+1.0-1.0+0.5-0.5

-3.3+0.2-3.5-1.7-1.6

-3.5-1.5-2.0-0.8-2.7

-3.0-1.5-1.6+1.4-4.4

15d

+19.2-1.7+20.8-2.0+21.1

+4.2-3.1+7.3-4.6+8.8

-2.1-6.6+4.5-8.9+6.8

-8.2-12.3+4.1-25.1+16.9

UpDownMarket · Nifty Microcap 250Sector · Financial Technology (Fintech) peers, median of 7Pending

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

AI summary

The committee of creditors approved Form G and eligibility criteria for inviting expressions of interest from prospective resolution applicants at its second meeting on 18 October 2025. The notice was published in Financial Express, Business Standard, Navakal and Daman Ganga Times.

Likely market impact

This advances the insolvency process toward selecting a resolution applicant, but the outcome and impact on shareholder value remain uncertain.