Announced Fri, 4 Sept, 2026 · 17:55 IST
OMPL selected as Successful Resolution Applicant for FEL Cluster 3 assets
Nclt Insolvency AdmittedNclt Resolution ApprovedRegulatory & Legal View source PDFExplain this filing
FELDVR · price
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Price reaction · full curve 14 horizons · vs prior close
+1.8%1-day move
₹2.20
prior close
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base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
————+1.8+1.4-3.6-3.6-6.8-10.9-5.9-13.6——
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AI summary
Future Enterprises, currently under Corporate Insolvency Resolution Process, said the Committee of Creditors approved Orissa Metaliks Private Limited (OMPL) as the Successful Resolution Applicant for Cluster 3 assets with 93.26 percent voting share through e-voting concluded on 2 September 2026. The resolution plan dated 27 April 2026, along with an addendum dated 10 June 2026, was approved under Section 30(4) of the Insolvency and Bankruptcy Code, 2016.
Likely market impact
Major resolution milestone; OMPL will acquire Cluster 3 assets once NCLT formally approves the plan, reducing uncertainty for creditors and shareholders.