Creditors unanimously approve shorter notice period for 18th CoC meeting

Nclt Insolvency AdmittedRegulatory & Legal 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

-1.4%Reaction day

₹0.71

prior close

₹0.70

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+0.4%-1.8% vs market

Telecom - Cellular & Fixed line services peers, median of 6sector+1.4%-2.8% vs sector

On the reaction day the stock moved 1.8 pts less than Nifty Microcap 250 and 2.8 pts less than its Telecom - Cellular & Fixed line services peers, 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

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30m

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Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-1.4+0.4-1.8+1.4-2.8

Next day

-2.8+2.1-4.9+3.6-6.4

-4.2pendingpending+1.3-5.5

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15d

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UpDownMarket · Nifty Microcap 250Sector · Telecom - Cellular & Fixed line services peers, median of 6Pending

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

AI summary

The Committee of Creditors unanimously approved a shorter notice period for its 18th meeting, with 100% approval against the required 51%. The company remains under the NCLT-supervised corporate insolvency resolution process.

Likely market impact

The unanimous vote may help creditors speed up decisions, but the company remains under insolvency proceedings and continues to carry high risk.