NSE/BSE Codes: SHRENIK, ISIN: INE632X01030

Summary of Key Information:

Nature of Event / Disclosure:

Regulatory intimation under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 regarding an appeal filed before the National Company Law Appellate Tribunal (NCLAT) challenging the order admitting the company into Corporate Insolvency Resolution Process (CIRP).

Involved Parties / Authorities:

  • Appellant: Mr. Rishit Shrenik Vimawala, Suspended Director of Shrenik Limited
  • Respondents: Yatayat Corporation India Private Limited & Anr.
  • Adjudicating Authority: Hon'ble National Company Law Appellate Tribunal (NCLAT), Principal Bench, New Delhi
  • Interim Resolution Professional: CA Rahul Nareshbhai Shah (IP Reg. No.: IBBI/IPA-001/IP-P-02170/2020-2021/13367)
  • Original Tribunal: Hon'ble NCLT, Ahmedabad Bench - Court II

Date / Timeline of Event:

  • Previous Intimation Date: August 5, 2026 (regarding admission into CIRP and IRP appointment)
  • NCLT Order Date: July 30, 2026 (order admitting company into CIRP in CP (IB) No. 200 of 2023)
  • Appeal Filing Date: Filed as Company Appeal (AT) (Ins) No. 1497 of 2026
  • First Hearing Date: August 13, 2026
  • Next Hearing Date: September 8, 2026
  • Disclosure Date: August 24, 2026

Brief Description of Outcome / Dispute:

Mr. Rishit Shrenik Vimawala, Suspended Director of Shrenik Limited, has filed an appeal before the Hon'ble NCLAT challenging the order dated July 30, 2026 passed by the Hon'ble NCLT, Ahmedabad Bench - Court II in CP (IB) No. 200 of 2023, which admitted the Company into the Corporate Insolvency Resolution Process.

Impact of Outcome:

Financial Impact:

No material disclosures regarding specific financial impact, penalties, or quantitative figures in this document.

Operational / Business / Strategic Impact:

The company continues to be under Corporate Insolvency Resolution Process. The appeal represents a legal challenge to the insolvency admission order, which could potentially affect the timeline and outcome of the resolution process.

Other Implications:

The ongoing legal proceedings maintain regulatory compliance requirements for continuous disclosure to stock exchanges under SEBI Listing Regulations.

Next Steps / Required Actions:

  • Notice issued to Respondents (Yatayat Corporation India Private Limited & Anr.)
  • Steps along with process fee and requisites to be taken within four working days from August 13, 2026
  • Next hearing scheduled for September 8, 2026 before NCLAT
  • Interim Resolution Professional committed to providing further updates on developments