NCLT orders Vardhman Polytex to pay 10.19 crore plus 15% interest to former shareholder

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

-1.6%Reaction day

₹6.15

prior close

₹6.16

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+0.3%-1.9% vs market

Other Textile Products peers, median of 193sector-0.2%-1.5% vs sector

On the reaction day the stock moved 1.9 pts less than Nifty Microcap 250 and 1.5 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.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

-1.6

10m

+0.6

15m

-0.6

30m

+1.0

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-1.6+0.3-1.9-0.2-1.5

Next day

-1.6-0.2-1.4-0.4-1.3

-1.8+0.4-2.2-0.6-1.2

-2.4+0.2-2.6-0.2-2.3

-2.4+0.5-2.9-0.0-2.4

-2.4+0.8-3.2+0.0-2.4

-2.6-0.8-1.8-0.7-1.9

15d

-5.5-2.1-3.4-1.7-3.8

-5.0+0.2-5.3-1.5-3.5

-19.0-9.2-9.9-8.1-10.9

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UpDownMarket · Nifty Microcap 250Sector · Other Textile Products peers, median of 193Pending

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

AI summary

NCLT Chandigarh has allowed an execution application against Vardhman Polytex, directing it to pay Rs. 10.19 crore (share value of Rs. 5.40 per share as on 31 March 2010) plus 15% annual interest to Maschinen Umwelttechnik Transportanlagen GmbH (MUT), a former minority shareholder in subsidiary FMH. The case stems from a 2015 Company Law Board order on MUT's exit from FMH. The company must pay within 30 days but plans to file an appeal and seek interim stay.

Likely market impact

Potential financial liability of Rs. 10.19 crore plus accumulating 15% annual interest if appeal fails. Company plans to challenge the order.