Announced Fri, 4 Sept · 17:54 IST
FEL selects Orissa Metaliks as Successful Resolution Applicant for Cluster 3 assets
FEL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
+0.0%1-day move
₹0.39
prior close
₹0.38
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+2.6+0.0+0.0+2.6+0.0+0.0-2.6-2.6-5.1-5.1————
Up moveDown movePending
AI summary
Future Enterprises, currently under Corporate Insolvency Resolution Process, has selected Orissa Metaliks Private Limited (OMPL) as the Successful Resolution Applicant for Cluster 3 assets. The Committee of Creditors approved OMPL's resolution plan dated 27 April 2026 (with addendum dated 10 June 2026) with 93.26 percent voting share via e-voting concluded on 2 September 2026, under Section 30(4) of the Insolvency and Bankruptcy Code.
Likely market impact
Positive step as resolution plan approval moves FEL closer to exiting insolvency. Next stage is NCLT approval of the plan.