34th CoC meeting held, one resolution plan approved by 89.79% majority

Nclt Insolvency AdmittedRegulatory & Legal View source PDF Explain this filing

ANKITMETAL · price

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

+1.1%Reaction day

₹1.74

prior close

₹1.72

announcement price

After-mkt

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Nifty Microcap 250market · in no size index; the smallest one is used+1.6%-0.4% vs market

On the reaction day the stock moved 0.4 pts less than Nifty Microcap 250, 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

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Sessions after the filingfrom the prior close

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Reaction day

+1.1+1.6-0.4

Next day

+0.6-0.6+1.2

-2.3-0.5-1.8

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-8.6+10.9-19.6

UpDownMarket · Nifty Microcap 250Pending

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

AI summary

Ankit Metal & Power, currently under Corporate Insolvency Resolution Process, held its 34th Committee of Creditors meeting on 06 January 2026. E-voting ended 20 January 2026, and one of two resolution plans was approved by 89.79% majority of the CoC. Sanjeev Kumar Jalan continues as Resolution Professional. The company stays in insolvency proceedings as the approved plan moves toward NCLT approval.

Likely market impact

Lenders approving a plan is a key step in the insolvency process, but stock stays risky pending NCLT approval and plan execution.