Pursuant to the provisions of Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements), 2015, we hereby inform you that "KNAV Corporate Finance (A Division of Inde Global Consulting LLP)" has filed a petition against the Company under Section 9 of the Insolvency and Bankruptcy Code, 2016.
BROOKS · price
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On the reaction day the stock moved 2.9 pts less than Nifty Microcap 250, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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KNAV Corporate Finance (a division of Inde Global Consulting LLP) has filed an insolvency petition against Brooks Laboratories before the NCLT Chandigarh Bench under Section 9 of the Insolvency and Bankruptcy Code, 2016. The petition (CP (IB) No. 62/CHD/HP/2025) claims an alleged outstanding amount of approximately Rs. 1.12 crore. The company has stated that it strongly disputes the claim and believes the petition is not maintainable under the IBC. Brooks Labs will contest the matter on both procedural and substantive grounds, and the petition has not yet been admitted by the NCLT.
Negative near-term sentiment is possible as insolvency petitions often weigh on stock price, though the contested amount is relatively small and the case is in early stages. Shareholders should monitor NCLT hearings and any admission order, as admission would trigger CIRP and potential management changes.