NCD Meeting Outcome - Delay in Redemption of Series III and IV Debentures

Loan classified NPACredit & Debt 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.

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

+4.0%Reaction day

₹68.15

prior close

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announcement price

After-mkt

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Nifty Microcap 250market · in no size index; the smallest one is used+0.0%+4.0% vs market

Industrial Products peers, median of 127sector+0.1%+3.9% vs sector

On the reaction day the stock moved 4.0 pts more than Nifty Microcap 250 and 3.9 pts more than its Industrial Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+4.0+0.0+4.0+0.1+3.9

Next day

+4.2-0.0+4.2+0.2+4.0

+5.5-0.2+5.7-0.0+5.6

+3.4+0.2+3.3-0.4+3.9

+2.0+0.3+1.6-0.4+2.4

-3.7+0.4-4.2-1.2-2.5

-10.0+0.9-11.0-1.1-8.9

15d

-5.5+1.6-7.1-0.0-5.5

-0.5+2.0-2.5+0.2-0.7

-3.2+0.6-3.7+0.7-3.9

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UpDownMarket · Nifty Microcap 250Sector · Industrial Products peers, median of 127Pending

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

AI summary

Company disclosed outcome of NCD holders meeting held on 6 Aug 2026 regarding delay or default in redemption of 7% Secured Unlisted Unrated Redeemable NCDs (Old Series III and IV). Axis Trustee Services convened the meeting. Company addressed queries and provided clarifications. Proposals were discussed and parties agreed to further internal discussions for an amicable solution.

Likely market impact

Default in NCD redemption signals financial stress. Further material developments will be disclosed, which may affect stock sentiment.