Members of the Exchange are hereby informed about the Delisting of Equity shares of Sintex Plastics Technology Limited w.e.f. May 21, 2025, pursuant to the order approved by Hon'ble National Company Law Tribunal (NCLT) Ahmedabad, Division Bench Court-I under Section 60(5) of the Insolvency and Bankruptcy Code (IBC), 2016
Awaiting price reaction for this filing.
Sintex Plastics Technology Limited's equity shares will be delisted from NSE with effect from May 21, 2025. The delisting follows an order passed by the NCLT Ahmedabad (Division Bench Court-I) under Section 60(5) of the Insolvency and Bankruptcy Code, 2016. This indicates the delisting is linked to the company's insolvency resolution process rather than a voluntary exit. Shareholders will no longer be able to trade the stock on the exchange after the effective date. The treatment of existing shareholders would depend on the approved resolution plan under the IBC process.
Existing shareholders will lose exchange-level liquidity and must rely on the approved resolution plan for any recovery or exit. This is typically a negative outcome for retail investors, often signaling equity write-downs, restructuring, or minimal value recovery under the IBC framework.