Liquidation process initiated for Lakshmi Precision Screws

Nclt Insolvency AdmittedRegulatory & Legal View source PDF

LAKPRE · price

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▲ 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

-5.1%1-day move

₹5.29

prior close

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base price

After-mkt

timing

5m10m15m30m1D2D3D4D5D7D15D1M2M3M

————-5.1-0.4-0.2+1.1-2.8-4.5————

Up moveDown movePending

AI summary

Lakshmi Precision Screws is under Corporate Insolvency Resolution Process since July 2018 per NCLT Chandigarh order. Board powers are suspended and a Resolution Professional is running the company. Directors were uncooperative. The Committee of Creditors has now approved liquidation of the company and the application is pending before NCLT. This filing explains that SEBI Regulation 46 disclosures were delayed due to operational issues during CIRP.

Likely market impact

Stock likely headed for liquidation and delisting; existing shareholders may face near total loss with minimal recovery prospects.