NCLT insolvency application filed against Shah Metacorp

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SHAH · 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

+0.2%Reaction day

₹4.95

prior close

₹4.96

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-0.5%+0.7% vs market

Iron & Steel Products peers, median of 93sector-0.6%+0.8% vs sector

On the reaction day the stock moved 0.7 pts more than Nifty Microcap 250 and 0.8 pts more than its Iron & Steel Products 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

Stock

+0.0

10m

+0.8

15m

+0.4

30m

+0.2

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+0.2-0.5+0.7-0.6+0.8

Next day

-0.4-1.1+0.7-1.1+0.7

+0.0-1.8+1.8-1.2+1.2

+1.2-1.9+3.1-1.0+2.3

+1.4-0.5+1.9+0.2+1.2

+1.2-0.3+1.5+0.0+1.2

+4.0+0.9+3.2+0.0+4.0

15d

+5.1-4.3+9.4-2.7+7.8

-1.0-9.3+8.3-8.9+7.9

-3.4-5.4+2.0-4.3+0.9

-4.0-13.7+9.7-15.3+11.2

UpDownMarket · Nifty Microcap 250Sector · Iron & Steel Products peers, median of 93Pending

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

AI summary

Operational creditor Tejomay Exim Corporation has filed an application against Shah Metacorp under Section 9 of the Insolvency and Bankruptcy Code 2016 at NCLT Ahmedabad. The company disclosed this under SEBI LODR Regulation 30. Financial implications and quantum of claims are not yet determined.

Likely market impact

Negative - Section 9 IBC application exposes Shah Metacorp to potential CIRP admission. Financial impact currently unquantified.