CIAN Agro Industries Secures NCLT Approval for Resolution Plan in Matter of Shubhada Tool Industries
CIAN Agro Industries & Infrastructure Limited confirmed the approval of its Resolution Plan from the National Company Law Tribunal (NCLT), Mumbai Bench. This approval pertains to the company's involvement in the resolution process for Shubhada Tool Industries Private Limited, which was under the Insolvency and Bankruptcy Code (IBC) process.The company noted that it had previously communicated on March 28, 2026, regarding the pending order from the Hon'ble National Company Law Tribunal for the resolution plan submitted by CIAN Agro Industries and Infrastructure Limited.
The official record confirms that the Certified copy of the Order from the Hon'ble NCLT has been obtained regarding the plan.
For CIAN Agro Industries & Infrastructure Limited, the confirmation of this order reflects a material development concerning the resolution framework for Shubhada Tool Industries Private Limited. The development was confirmed by Nakul Bhat, Chief Financial Officer.
Stock Price Movement
As of 2:46 PM, CIAN Agro Industries & Infrastructure Ltd is ticking up, trading at ₹784.15, posting a gain of 4.99%. The shares are currently locked into a narrow range, remaining completely flat between ₹784.15 and ₹784.15.Source:
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