Shrenik in CIRP; suspended director appeals NCLAT admission order

Nclt Insolvency AdmittedRegulatory & Legal View source PDF Explain this filing

SHRENIK · 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

+0.0%Reaction day

₹0.29

prior close

₹0.29

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 35sector+0.0%+0.0% vs sector

On the reaction day the stock moved 0.4 pts more than Nifty Microcap 250 and in line with 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

-3.4

15m

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30m

+0.0

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+0.0-0.4+0.4+0.0+0.0

Next day

+0.0+0.2-0.2+0.9-0.9

+3.4-0.1+3.5-0.1+3.6

+3.4+0.2+3.2+0.6+2.9

+3.4+0.5+2.9+0.7+2.7

+3.4-0.4+3.9+1.6+1.8

-3.4-0.4-3.0+2.8-6.3

15d

+0.0-2.5+2.5+4.3-4.3

+0.0+0.3-0.3+4.1-4.1

-27.6-9.4-18.2-3.3-24.3

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UpDownMarket · Nifty Microcap 250Sector · Paper & Paper Products peers, median of 35Pending

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

AI summary

Shrenik Limited is already in Corporate Insolvency Resolution Process after NCLT Ahmedabad admitted the insolvency petition on July 30, 2026. Suspended director Mr. Rishit Shrenik Vimawala has now appealed before NCLAT New Delhi challenging this admission. First hearing was on August 13, 2026; NCLAT said the matter requires consideration and issued notice to respondents. Next hearing is September 8, 2026. CA Rahul Shah continues as Interim Resolution Professional.

Likely market impact

Company remains in insolvency. Appeal pending but no stay obtained yet. High risk for shareholders; expect continued volatility and uncertainty.