NCLT approves VXL Instruments resolution plan by NG Organics consortium

NCLT approved the resolutionRegulatory & Legal View source PDF Explain this filing

Price

Loading chart…

▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

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

+15.1%Reaction day

₹2.84

prior close

—

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+0.1%+15.0% vs market

Consumer Electronics peers, median of 12sector-0.6%+15.7% vs sector

On the reaction day the stock moved 15.0 pts more than Nifty Microcap 250 and 15.7 pts more than its Consumer Electronics peers, 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

Stock

—

10m

—

15m

—

30m

—

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+15.1+0.1+15.0-0.6+15.7

Next day

+26.4-3.2+29.6-2.5+28.9

+38.7-3.3+42.0-2.2+41.0

+52.5-2.5+54.9-2.1+54.6

+59.9-0.9+60.8-2.3+62.2

+67.6-1.1+68.7-1.8+69.4

+62.3+0.6+61.7-2.9+65.2

15d

+81.3-1.4+82.7-5.7+87.0

+58.5-3.3+61.7-5.0+63.4

—————

UpDownMarket · Nifty Microcap 250Sector · Consumer Electronics peers, median of 12Pending

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

AI summary

NCLT approved the resolution plan for VXL Instruments by consortium of NG Organics and Mr Nitinbhai Patel with total bid of INR 7 crores. INR 6.5 crores allocated for creditor payments. Existing public shareholders stake drops from 95.28% to 5%, with 70 lakh fresh shares issued to new promoters. All old liabilities extinguished and share capital restructured. Company had negative net worth of INR 5.3 crores.

Likely market impact

Existing public shareholders heavily diluted from 95.28% to just 5%. New promoters take over; old equity holders lose almost all their stake.