Shrenik: Suspended Director Appeals NCLT Insolvency Order at NCLAT

NCLT admitted insolvencyRegulatory & 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

+0.0

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 under Corporate Insolvency Resolution Process after NCLT Ahmedabad admitted insolvency petition CP(IB) 200/2023 on July 30, 2026. Suspended director Rishit Shrenik Vimawala has filed an appeal at NCLAT challenging the admission order. First hearing on August 13, 2026; NCLAT issued notice to respondents and listed next hearing for September 8, 2026. No stay granted so far.

Likely market impact

Insolvency continues. NCLAT ruling on Sep 8 may alter resolution process and stock outlook.