NCLT admits insolvency application against the company

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Price reactionminutes from the announcement price · days from the prior close

-14.3%Reaction day

₹0.21

prior close

₹0.21

announcement price

In-mkt

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Nifty Microcap 250market · in no size index; the smallest one is used+0.5%-14.8% vs market

Computers - Software & Consulting peers, median of 71sector-0.4%-13.9% vs sector

On the reaction day the stock moved 14.8 pts less than Nifty Microcap 250 and 13.9 pts less than its Computers - Software & Consulting 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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Reaction day

-14.3+0.5-14.8-0.4-13.9

Next day

-14.3+1.3-15.6-1.0-13.3

-14.3+2.1-16.4-0.9-13.4

-14.3+1.4-15.7-2.5-11.8

-14.3+1.3-15.6-2.3-12.0

-14.3+0.7-15.0-2.7-11.5

-14.3+1.5-15.7-3.0-11.3

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-14.3+2.9-17.2-1.2-13.1

-14.3+1.7-16.0+0.0-14.3

-14.3+6.1-20.4-0.5-13.8

-14.3+6.5-20.7-7.5-6.7

UpDownMarket · Nifty Microcap 250Sector · Computers - Software & Consulting peers, median of 71Pending

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

AI summary

The National Company Law Tribunal, Allahabad Bench has admitted an insolvency application (Company Petition IB-120/ALD/2025) against Space Incubatrics Technologies Ltd via its order dated 10.06.2026. Admission of the petition typically triggers a moratorium on debt recovery and paves the way for the appointment of an insolvency resolution professional to manage the company.

Likely market impact

Negative for shareholders — insolvency admission usually leads to a sharp drop in share price and dilution of existing equity as lenders take control of the resolution process.