Announced Fri, 4 Sept, 2026 · 17:54 IST

FEL selects Orissa Metaliks as Successful Resolution Applicant for Cluster 3 assets

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

FEL · price

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▲ 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

-2.6%Reaction day

₹0.39

prior close

₹0.38

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+0.4%-3.0% vs market

On the reaction day the stock moved 3.0 pts less than Nifty Microcap 250, 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

+2.6

10m

+0.0

15m

+0.0

30m

+2.6

Sessions after the filingfrom the prior close

StockMarketvs market

Reaction day

-2.6+0.4-3.0

Next day

+0.0+0.9-0.9

+0.0+0.8-0.8

-2.6+0.6-3.2

-2.6+0.7-3.3

-5.1-2.6-2.5

-5.1-1.9-3.2

15d

-2.6-0.6-2.0

-7.7-1.0-6.7

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UpDownMarket · Nifty Microcap 250Pending

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

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.