Ankit Metal & Power Limited has informed the Exchange about Corporate Insolvency Resolution Process
ANKITMETAL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 4.1 pts more than Nifty Microcap 250, over the same two closes: a difference in percentage points, not a measure of what the filing did.
Minute windows have no benchmark: there is no intraday index history to compare against.
Ankit Metal & Power Limited is currently undergoing the Corporate Insolvency Resolution Process (CIRP). The 12th meeting of the Committee of Creditors (CoC) was held on 10 February 2025, where members approved the appointment of an agency to conduct 29A evaluation and due diligence of resolution applicants. Additionally, lease agreements with Sova Electrocasting Limited and Kunj Bihari Steel Private Limited, entered into on 20 April 2024, have been terminated. The communication is signed by Sanjeev Kumar Jalan, the Resolution Professional from BDO Restructuring Advisory LLP.
The company remains under insolvency resolution, indicating ongoing financial stress. Shareholders continue to face uncertainty as the resolution process advances, and termination of lease agreements may further affect operational recovery prospects.