Corporate Insolvency Resolution process (CIRP) - Admission of application by Tribunal

NCLT admitted insolvencyRegulatory & Legal View source PDF Explain this filing

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

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-6.6%Reaction day

₹2.90

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Nifty Microcap 250market · in no size index; the smallest one is used-1.1%-5.4% vs market

Trading & Distributors peers, median of 128sector-1.1%-5.4% vs sector

On the reaction day the stock moved 5.4 pts less than Nifty Microcap 250 and 5.4 pts less than its Trading & Distributors peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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-6.6-1.1-5.4-1.1-5.4

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-6.2+1.9-8.1-0.5-5.7

-11.7+3.7-15.4+0.0-11.7

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UpDownMarket · Nifty Microcap 250Sector · Trading & Distributors peers, median of 128Pending

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

AI summary

Evoq Remedies Limited has informed the BSE that the National Company Law Tribunal (NCLT), Ahmedabad has admitted an insolvency application against the company. The application was filed by M/s. Harbhole Agrotech (an operational creditor) through its proprietor on 20th April 2026 under Section 9 of the Insolvency and Bankruptcy Code (IBC), 2016. This means the company's Corporate Insolvency Resolution Process (CIRP) has formally commenced. An Interim Resolution Professional is likely to be appointed to manage the company's affairs going forward.

Likely market impact

This is a significant negative development for shareholders — the stock will typically face sharp selling pressure as CIRP admission often leads to trading restrictions, management change, and possible restructuring or liquidation. Shareholders may face substantial erosion of value depending on the resolution outcome.