Liquidation process initiated for Lakshmi Precision Screws

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LAKPRE · price

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

-3.6%Reaction day

₹5.29

prior close

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announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+0.6%-4.2% vs market

Auto Components & Equipments peers, median of 117sector+0.4%-4.0% vs sector

On the reaction day the stock moved 4.2 pts less than Nifty Microcap 250 and 4.0 pts less than its Auto Components & Equipments 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

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Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-3.6+0.6-4.2+0.4-4.0

Next day

-5.1+0.2-5.3+0.5-5.6

-0.4-0.9+0.5+0.0-0.4

-0.2-0.3+0.1+0.2-0.4

+1.1+0.0+1.1+0.0+1.1

-2.8-1.1-1.7-0.2-2.6

-4.5-1.4-3.1-1.0-3.5

15d

-4.5+2.7-7.2+3.4-8.0

-13.8+3.6-17.4+2.0-15.8

+7.8+2.0+5.8-1.4+9.2

-5.5+1.1-6.6-2.8-2.6

UpDownMarket · Nifty Microcap 250Sector · Auto Components & Equipments peers, median of 117Pending

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

AI summary

Lakshmi Precision Screws is under Corporate Insolvency Resolution Process since July 2018 per NCLT Chandigarh order. Board powers are suspended and a Resolution Professional is running the company. Directors were uncooperative. The Committee of Creditors has now approved liquidation of the company and the application is pending before NCLT. This filing explains that SEBI Regulation 46 disclosures were delayed due to operational issues during CIRP.

Likely market impact

Stock likely headed for liquidation and delisting; existing shareholders may face near total loss with minimal recovery prospects.