NCLT admits insolvency case against Shrenik, CIRP begins

Nclt Insolvency AdmittedRegulatory & Legal View source PDF Explain this filing

SHRENIK · price

Loading chart…

▲ 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

+0.0%Reaction day

₹0.34

prior close

₹0.34

announcement price

After-mkt

timing

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

Paper & Paper Products peers, median of 37sector+0.4%-0.4% vs sector

On the reaction day the stock moved 0.4 pts less than Nifty Microcap 250 and 0.4 pts less than its Paper & Paper 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

+0.0

15m

+0.0

30m

+2.9

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+0.0+0.4-0.4+0.4-0.4

Next day

-2.9+0.4-3.3-0.2-2.8

-2.9+0.3-3.3+0.7-3.6

-2.9+0.2-3.1-0.5-2.5

-2.9+0.5-3.5-0.1-2.8

-2.9+0.7-3.6-0.7-2.2

-5.9+0.9-6.8-1.3-4.5

15d

-11.8+1.6-13.4-0.4-11.4

-11.8+2.4-14.2+3.8-15.6

-20.6+1.1-21.7+2.4-23.0

—————

UpDownMarket · Nifty Microcap 250Sector · Paper & Paper Products peers, median of 37Pending

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

AI summary

NCLT Ahmedabad admitted a petition by Yatayat Corporation India and ordered Corporate Insolvency Resolution Process against Shrenik Limited over an unpaid debt of about Rs. 5.93 crore (principal Rs. 3.23 crore plus interest Rs. 2.70 crore). An Interim Resolution Professional has been appointed, a moratorium under Section 14 is in effect, and creditors must submit claims by 19 August 2026. The resolution process is targeted to close by 26 January 2027.

Likely market impact

Existing board powers are suspended. Equity holders face high risk of dilution or total loss. Stock likely to see sharp negative movement.