Announced Sat, 20 Jun · 21:28 IST
Aksh Optifibre CIRP starts after NCLT admits insolvency
AKSHOPTFBR · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
-0.5%1-day move
₹7.60
prior close
₹7.70
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+2.9+3.4+3.4+3.4-0.5-2.5-4.3-6.2-8.0-11.4-21.1-24.1——
Up moveDown movePending
AI summary
NCLT Jaipur has ordered the start of Corporate Insolvency Resolution Process (CIRP) for Aksh Optifibre from 19 June 2026, following a petition by Shantanu Investments. An interim resolution professional, Praveen Kumar Singhal, has been appointed. Creditors must submit claims by 3 July 2026. The resolution process is expected to close by 16 December 2026. Shareholders face uncertainty over equity value and potential dilution or write-off during the resolution process.
Likely market impact
Highly negative for shareholders. Stock may decline sharply. Equity could face dilution or write-off if resolution plan leads to debt restructuring.