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Latest filing: 2026-08-24 20:52
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9 announcements match the current filters (relevance ≥ 5).
Shrenik Schedules 1st Committee of Creditors (CoC) Meeting for August 29, 2026
Shrenik Limited has intimated that the 1st Meeting of the Committee of Creditors (CoC) is scheduled for Saturday, August 29, 2026, at 12:30 PM IST via physical and video conferencing. This follows the NCLT Ahmedabad Bench's order dated August 5, 2026, which admitted the company into the Corporate Insolvency Resolution Process (CIRP) and appointed CA Rahul Nareshbhai Shah as the Interim Resolution Professional. The company is under severe distress, carrying debt of ₹125 Cr against a negative net worth of ₹-176 Cr and annual FY26 revenue of ₹35.69 Cr. The CoC meeting marks the initial formal step by creditors to manage the resolution or liquidation process.
Confidence: HIGH
What changedThe Interim Resolution Professional has formally convened the first meeting of financial creditors following the company's admission into CIRP.
Why it mattersThe CoC holds voting control over the resolution roadmap, which determines whether the company can be revived or will face liquidation, posing high risk of equity capital write-down.
CoC Meeting Date: August 29, 2026CIRP Admission Date: August 5, 2026Total Debt: ₹125 CrNet Worth: ₹-176 Cr
📅 Short termThe CoC will deliberate on operational management, confirm or replace the IRP, and decide on inviting resolution plans.
📈 Long termGiven the negative net worth and substantial debt load, resolution plans in CIRP typically involve drastic restructuring, significant equity dilution, or liquidation.
⚠ Risk flags
- Corporate Insolvency Resolution Process (CIRP) underway
- High risk of total equity dilution or capital cancellation
- Negative net worth of ₹-176 Cr and ₹125 Cr debt burden
Key Highlights
1st Committee of Creditors (CoC) meeting scheduled for Saturday, August 29, 2026 at 12:30 PM IST.
Follows CIRP admission by NCLT Ahmedabad Bench on August 5, 2026.
Interim Resolution Professional (IRP) CA Rahul Nareshbhai Shah is conducting the proceedings.
Company carries ₹125 Cr in debt against a negative net worth of ₹-176 Cr.
👀 What to Watch
Track subsequent exchange disclosures regarding decisions taken at the 1st CoC meeting, including the appointment of a Resolution Professional and the issuance of Expression of Interest (EoI) for resolution applicants.
Shrenik Director Appeals NCLT CIRP Admission Order at NCLAT; Next Hearing on Sept 8, 2026
Shrenik Limited's suspended director, Mr. Rishit Shrenik Vimawala, has filed an appeal before the NCLAT, New Delhi, challenging the NCLT Ahmedabad order dated July 30, 2026, which admitted the company into Corporate Insolvency Resolution Process (CIRP). In the preliminary hearing held on August 13, 2026, the NCLAT issued notices to the respondents and listed the matter for its next hearing on September 8, 2026. The company is currently under the management of an Interim Resolution Professional (IRP). This legal battle comes amid severe financial distress, with the company reporting a negative net worth of ₹-176 Cr and total debt of ₹125 Cr against TTM revenue of ₹36 Cr.
Confidence: HIGH
What changedThe suspended promoter-director has formally challenged the NCLT's insolvency admission order at the appellate tribunal (NCLAT), which has issued notice to respondents.
Why it mattersIf the appeal is dismissed, the company will proceed through full CIRP resolution or potential liquidation, placing equity holders at severe risk of total capital loss.
Next NCLAT hearing date: September 8, 2026Original CIRP admission order date: July 30, 2026First appeal hearing date: August 13, 2026Total Debt vs TTM Revenue: 347.2%
📅 Short termHeightened volatility and regulatory risk as the market awaits the NCLAT's decision on September 8, 2026, regarding whether to stay or uphold the insolvency process.
📈 Long termGiven the negative net worth of ₹-176 Cr and high leverage, failure to overturn the insolvency admission will likely result in resolution with substantial equity dilution or liquidation.
⚠ Risk flags
- Ongoing Corporate Insolvency Resolution Process (CIRP)
- Significant negative net worth (-₹176 Cr) and elevated debt (₹125 Cr)
- Operational distress with persistent quarterly losses
Key Highlights
Suspended director filed Company Appeal (AT) (Ins) No. 1497 of 2026 challenging CIRP admission order dated July 30, 2026
NCLAT heard the matter on August 13, 2026, and issued notices to the respondents with process to be completed in 4 working days
Next date of hearing at the NCLAT Principal Bench is scheduled for September 8, 2026
Company is currently under CIRP under the charge of Interim Resolution Professional CA Rahul Nareshbhai Shah
👀 What to Watch
Track the outcome of the NCLAT hearing on September 8, 2026, to see whether any stay or relief is granted on the CIRP proceedings, alongside insolvency claim updates from the IRP.
Shrenik Director Appeals NCLT Insolvency Order at NCLAT; Next Hearing on Sept 8, 2026
Shrenik Limited informed exchanges that suspended director Rishit Shrenik Vimawala has filed an appeal before the NCLAT challenging the NCLT Ahmedabad Bench order dated July 30, 2026, which admitted the company into Corporate Insolvency Resolution Process (CIRP). During the first hearing on August 13, 2026, the NCLAT observed that the matter requires consideration and issued notices to respondents, including operational creditor Yatayat Corporation India Pvt. Ltd. The next hearing is scheduled for September 8, 2026, while the company remains managed by the Interim Resolution Professional amid severe financial distress (debt of Rs 125 Cr and negative net worth of Rs -176 Cr).
Confidence: HIGH
What changedSuspended director challenged the NCLT CIRP admission order at NCLAT, which has now issued notice to respondents.
Why it mattersThe company's survival and equity value depend on whether the insolvency process is set aside or proceeds toward resolution and potential equity write-down.
Original CIRP Admission Date: July 30, 2026NCLAT First Hearing Date: August 13, 2026Next NCLAT Hearing Date: September 8, 2026Total Debt: Rs 125 CrNet Worth: Rs -176 Cr
📅 Short termTrading in the stock is likely to remain speculative and distressed until the NCLAT hearing outcome on September 8, 2026.
📈 Long termWith net worth at Rs -176 Cr and debt of Rs 125 Cr against TTM revenue of Rs 36 Cr, any continuation of CIRP carries severe risk of complete equity dilution or liquidation.
⚠ Risk flags
- Corporate Insolvency Resolution Process (CIRP) active
- Risk of liquidation or near-total equity write-down
- Negative net worth of Rs -176 Cr and heavy debt load of Rs 125 Cr
Key Highlights
Appeal filed before NCLAT challenging the NCLT order dated July 30, 2026 admitting Shrenik into CIRP
NCLAT issued notice to respondents on August 13, 2026, requiring procedural steps within 4 working days
Next date of hearing at NCLAT Principal Bench scheduled for September 8, 2026
Company is currently under CIRP under the management of IRP CA Rahul Nareshbhai Shah
👀 What to Watch
Monitor the NCLAT hearing scheduled for September 8, 2026, to check if the insolvency admission order is stayed, dismissed, or upheld.
Suspended Director Appeals NCLT Insolvency Order at NCLAT; Next Hearing on Sept 8, 2026
Shrenik Limited's suspended director, Mr. Rishit Shrenik Vimawala, has filed an appeal before the NCLAT Principal Bench challenging the NCLT Ahmedabad order dated July 30, 2026, which admitted the company into the Corporate Insolvency Resolution Process (CIRP). At the initial hearing on August 13, 2026, the NCLAT issued notices to the respondents (Yatayat Corporation India Pvt Ltd & Anr.) and listed the matter for further hearing on September 8, 2026. The company remains under the control of the Interim Resolution Professional (IRP) amid severe financial distress with a negative net worth of Rs -176 Cr and debt of Rs 125 Cr.
Confidence: HIGH
What changedThe suspended director has moved NCLAT seeking relief against the NCLT order that initiated insolvency proceedings against Shrenik Limited.
Why it mattersThe appellate tribunal's decision will determine whether the CIRP continues or is stayed/quashed, directly impacting operational control and shareholder claims on the company.
Appeal Number: Comp. App. (AT) (Ins) No. 1497 of 2026NCLT Order Date Challenged: July 30, 2026Next Hearing Date: September 8, 2026Total Debt: Rs 125 CrNet Worth: Rs -176 Cr
📅 Short termThe company remains under insolvency administration with day-to-day operations managed by the IRP pending the September 8, 2026 NCLAT hearing.
📈 Long termThe trajectory of the IBC resolution process will determine the survival of the enterprise, with substantial risk of total equity dilution or liquidation given negative net worth.
⚠ Risk flags
- Active Corporate Insolvency Resolution Process (CIRP)
- Severe balance sheet impairment (Net Worth: Rs -176 Cr, Debt: Rs 125 Cr)
- Operational contraction and persistent losses
Key Highlights
Appeal filed under Company Appeal (AT) (Ins) No. 1497 of 2026 before NCLAT New Delhi
Challenges NCLT Ahmedabad order dated July 30, 2026 admitting the company to CIRP (CP (IB) No. 200 of 2023)
NCLAT issued notice to respondents during the hearing on August 13, 2026
Next date of hearing before NCLAT is scheduled for September 8, 2026
👀 What to Watch
Track the outcome of the NCLAT hearing on September 8, 2026, along with statutory disclosures from the Interim Resolution Professional regarding the CIRP process.
₹5.93 Cr Default: NCLT Admits Shrenik Limited for Insolvency (CIRP)
The NCLT Ahmedabad Bench has admitted Shrenik Limited into the Corporate Insolvency Resolution Process (CIRP) following a default of ₹5.93 crore to an operational creditor, Yatayat Corporation India Pvt Ltd. A moratorium has been imposed effective July 30, 2026, and Mr. Rahul Nareshbhai Shah has been appointed as the Interim Resolution Professional (IRP). The company's financial position is critical, with a negative net worth of ₹176 crore and total debt of ₹125 crore. Creditors are required to submit their claims by August 19, 2026, as the company enters a formal restructuring or liquidation phase.
Confidence: HIGH
What changedThe company has been placed under the Corporate Insolvency Resolution Process (CIRP), shifting control from the board of directors to an Interim Resolution Professional (IRP).
Why it mattersThis is a terminal-stage event for the company's current structure; the insolvency process will determine if the business can be saved through a resolution plan or if it will face liquidation to pay off ₹125 Cr in debt.
Default Amount: ₹5.93 CrDefault vs TTM Revenue: 16.47%Net Worth: ₹-176 CrTotal Debt: ₹125 CrPrincipal Amount: ₹3.23 CrInterest Amount: ₹2.70 Cr
📅 Short termThe stock is likely to face extreme volatility or trading suspension. The IRP will take charge of all assets and documents immediately.
📈 Long termStructural significance is high; the company faces a high probability of liquidation or a resolution plan that significantly dilutes or wipes out existing equity holders.
⚠ Risk flags
- Total loss of equity value
- Negative net worth of ₹176 Cr
- Legal moratorium prohibiting asset transfers
- Operational insolvency
Key Highlights
Total default amount of ₹5,92,78,324, comprising ₹3.23 Cr principal and ₹2.70 Cr interest
Insolvency commencement date officially set as July 30, 2026, by the NCLT Ahmedabad Bench
Estimated date for the closure of the insolvency resolution process is January 26, 2027
Last date for creditors to submit claims with proof is August 19, 2026
Company reports a massive negative net worth of ₹176 Cr against TTM revenue of only ₹36 Cr
👀 What to Watch
Investors should monitor the IRP's progress and the formation of the Committee of Creditors (CoC). In CIRP cases, equity shareholders are usually the last to receive any value, and there is a high risk of total capital loss or delisting.
Shrenik Reports Q1 FY27 Revenue of ‡6.69 Cr and Net Loss of ‡0.20 Cr
Shrenik Limited reported a total revenue of ‡6.69 Cr for the quarter ended June 30, 2026, representing a 43% sequential decline from ‡11.72 Cr in the March 2026 quarter. The company posted a net loss of ‡0.20 Cr, an improvement from the ‡1.03 Cr loss in the previous quarter but higher than the ‡0.07 Cr loss in the same period last year. The financial position remains critical with negative reserves of ‡237.37 Cr against a share capital of ‡61.20 Cr. Operations remain confined to paper trading with total expenses of ‡6.89 Cr exceeding total income.
Confidence: HIGH
What changedThe company has reported its Q1 FY27 results, showing a significant contraction in business scale compared to the previous quarter.
Why it mattersThe continued losses and shrinking revenue base exacerbate the company's 'negative financial situation', making a turnaround increasingly difficult given the massive negative equity.
Total Revenue (Q1 FY27): ‡6.69 CrNet Loss (Q1 FY27): ‡0.20 CrRevenue vs TTM Revenue: 18.58%Reserves and Surplus: ‡-237.37 CrPaid-up Equity Capital: ‡61.20 Cr
📅 Short termThe stock is likely to remain under pressure or stagnant given the shrinking revenue and persistent losses.
📈 Long termThe long-term outlook is highly uncertain due to the massive capital erosion and lack of a clear growth or debt-restructuring strategy.
⚠ Risk flags
- Negative Net Worth
- High Debt-to-Equity
- Revenue Contraction
- Penny Stock Volatility
Key Highlights
Revenue from operations fell 46.2% sequentially to ‡6.26 Cr from ‡11.65 Cr in the previous quarter.
Net loss narrowed to ‡19.76 Lakhs from a loss of ‡102.65 Lakhs in the March 2026 quarter.
Accumulated losses (Reserves) worsened to ‡-237.37 Cr, indicating deep insolvency.
Total expenses for the quarter stood at ‡6.89 Cr, primarily driven by purchase of stock-in-trade (‡6.64 Cr).
Finance costs remained negligible at ‡1.12 Lakhs for the quarter, despite a reported debt of ‡125 Cr in historical context.
👀 What to Watch
Investors should monitor the company's ability to address its ‡125 Cr debt and negative net worth of ‡-176 Cr, as current revenue levels are insufficient to cover historical liabilities.
Shrenik Ltd FY26 Revenue Doubles to ₹36.19 Cr; Returns to Annual Profit of ₹16.42 Lakhs
Shrenik Limited reported a significant 98% increase in annual revenue for FY26, reaching ₹36.19 crore compared to ₹18.26 crore in FY25. The company achieved a marginal full-year net profit of ₹16.42 lakhs, recovering from a loss of ₹8.94 lakhs in the previous fiscal year. However, the fourth quarter (Q4 FY26) saw a net loss of ₹1.03 crore, despite strong revenue growth of 145% YoY for the quarter. A critical concern remains the company's balance sheet, which shows deeply negative reserves of ₹237.18 crore, indicating severe historical financial erosion.
Key Highlights
Annual Revenue from Operations grew 99% YoY to ₹36.07 crore in FY26 from ₹18.10 crore in FY25.
Turned profitable on an annual basis with a Net Profit of ₹16.42 lakhs vs a loss of ₹8.94 lakhs in FY25.
Q4 FY26 Net Loss of ₹102.65 lakhs compared to a profit of ₹7.76 lakhs in Q4 FY25.
Negative reserves and surplus stand at ₹237.18 crore as of March 31, 2026.
Board approved the relocation of the registered office within Ahmedabad.
👀 What to Watch
While the revenue growth and marginal annual turnaround are positive signs, the massive negative reserves and Q4 loss suggest significant fundamental risks. Investors should exercise extreme caution and monitor the company's ability to manage its high liabilities and sustain operational profitability.
Shrenik Ltd Q3 FY26 Net Profit Jumps to ₹1.07 Cr; Revenue Up 86% YoY
Shrenik Limited reported a strong performance for the quarter ended December 31, 2025, with total revenue reaching ₹918.54 Lakhs, an 86% increase compared to ₹493.95 Lakhs in the same quarter last year. The company achieved a net profit of ₹107.05 Lakhs, a significant turnaround from a net loss of ₹6.58 Lakhs in Q3 FY25. For the nine-month period, the company turned profitable with a net profit of ₹122.10 Lakhs against a loss of ₹16.31 Lakhs in the previous year. This growth is primarily driven by its core paper-trading business and improved operational efficiency.
Key Highlights
Total Revenue for Q3 FY26 stood at ₹918.54 Lakhs, up from ₹493.95 Lakhs in the year-ago period.
Net Profit surged to ₹107.05 Lakhs in Q3 FY26 compared to a marginal profit of ₹1.21 Lakhs in the preceding quarter.
The company reported a 9-month net profit of ₹122.10 Lakhs, reversing a loss of ₹16.31 Lakhs in the same period last year.
Total expenses for the quarter were managed at ₹811.47 Lakhs, which is lower than the ₹905.17 Lakhs recorded in Q2 FY26 despite higher revenue.
Earnings Per Share (EPS) improved to ₹0.02 for the quarter, up from a negative ₹0.001 in Q3 FY25.
👀 What to Watch
Investors should note the significant operational turnaround and sharp margin improvement in the current quarter. Monitor the sustainability of this growth in the paper-trading segment and the company's ability to maintain lower expense ratios.
Shrenik Q3 FY26 Net Profit at ₹1.07 Cr; 9M Revenue Rises 28% to ₹23.39 Cr
Shrenik Limited reported a standalone net profit of ₹107.05 lakhs for the third quarter of FY26, a decline from ₹121 lakhs in the same period last year. While quarterly revenue grew marginally to ₹918.54 lakhs, the nine-month (9M) performance remains in a net loss of ₹16.31 lakhs. However, 9M revenue showed strong growth, rising 28% year-on-year to ₹2,338.56 lakhs. The company's profitability is being pressured by rising operational expenses in its core paper-trading business.
Key Highlights
Q3 FY26 net profit stood at ₹107.05 lakhs compared to ₹121 lakhs in Q3 FY25.
Nine-month revenue grew by 28% to ₹2,338.56 lakhs from ₹1,826.04 lakhs YoY.
The company reported a net loss of ₹16.31 lakhs for the nine months ended December 2025.
Total expenses for the quarter increased to ₹811.47 lakhs from ₹784.88 lakhs in the previous year.
Earnings per share (EPS) for the quarter remained flat at ₹0.02.
👀 What to Watch
Investors should monitor if the company can maintain its quarterly profit momentum to turn the full-year bottom line positive. The significant revenue growth is encouraging, but the overall nine-month loss suggests caution is needed regarding margin sustainability.