Announced Tue, 22 Sept, 2026 · 17:39 IST
CoC approves filing IA with NCLT, Rs 23.1 lakh CIRP expenses
ASTRON · 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
+4.6%1-day move
₹2.85
prior close
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base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
————+4.6+4.6+4.6+2.8-1.8-1.4————
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AI summary
The Fourth Committee of Creditors meeting (held Sep 2, adjourned to Sep 8 and 9) concluded e-voting on Sep 21. Approved resolutions include filing an IA with NCLT Ahmedabad under Sections 43 and 66 of IBC (regarding fraudulent transactions and wrongful trading by former management), CIRP expenses of Rs 23,10,852, procurement of 1TB hard disk for record preservation, and expenditure for BENPOS data from CDSL. Company remains under CIRP.
Likely market impact
IA filing under Sections 43/66 signals investigation into potential fraud by former management, which may affect creditor recovery and equity value.