Update on IBC resolution plan implementation, Section 60(5) application filed

Nclt Resolution ApprovedRegulatory & Legal View source PDF Explain this filing

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

-4.1%Reaction day

₹4.44

prior close

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announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+0.7%-4.8% vs market

Consumer Electronics peers, median of 13sector+0.4%-4.5% vs sector

On the reaction day the stock moved 4.8 pts less than Nifty Microcap 250 and 4.5 pts less than its Consumer Electronics 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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Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-4.1+0.7-4.8+0.4-4.5

Next day

+0.7-1.0+1.6-1.2+1.9

+5.6-3.6+9.2-4.0+9.6

+0.5-4.5+5.0-6.6+7.1

-0.9-6.8+5.9-9.0+8.1

-5.4-6.4+1.0-9.2+3.8

+1.8-4.7+6.5-7.1+8.9

15d

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UpDownMarket · Nifty Microcap 250Sector · Consumer Electronics peers, median of 13Pending

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

AI summary

VXL Instruments, under CIRP since Nov 2024, updates on its NCLT-approved Resolution Plan (approved Sept 9, 2026). The plan involved merger with NG Organics, the Successful Resolution Applicant. Merger clauses could not operate as structured due to Companies Act requirements. SRA has filed a Section 60(5) application seeking approval of modified clauses. Modified clauses do not change financial or commercial terms approved by the Committee of Creditors. SRA has funded the entire consideration. Management rests with the Monitoring Committee till further NCLT directions.

Likely market impact

Procedural update on resolution plan execution. Financial terms unchanged. Awaiting NCLT directions on modified clauses.