Summary of outcome Hon''ble NCLT Convened Unsecured Creditors Meeting
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 0.8 pts less than Nifty Microcap 250 and 2.0 pts less than its Other Textile Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
Minute windows have no benchmark: there is no intraday index history to compare against.
Sri Lakshmi Saraswathi Textiles (Arni) Limited held a meeting of unsecured creditors on April 4, 2025, as directed by the NCLT Chennai Bench. The purpose was to seek approval for a proposed Scheme of Arrangement (demerger) between the company and SLST Industries Limited, along with their respective shareholders and creditors. The meeting, chaired by an NCLT-appointed chairperson, was conducted via video conferencing starting at 2:00 PM and concluded at 2:42 PM. No questions were raised by creditors, and voting (both remote e-voting from April 1-3 and at-meeting e-voting) took place. The scrutinizer's report and voting results will be disclosed to BSE within 3 days. Note: the scrip trades under the code 'SLSTLQ', suggesting it is currently in BSE's delisted/suspended category.
This is a routine procedural step in a corporate restructuring (demerger) and not an insolvency event. Shareholders should watch for the voting outcome announcement within 3 days — approval would move the demerger forward, while rejection could stall it. Given the stock's suspended/delisted status, retail investors likely have limited trading liquidity regardless of the outcome.