The NCLT has also directed the Central Board of Direct Taxes (CBDT) to disclose information about all assets of the former promoters and directors of Metalyst Forgings in order to freeze such assets.

FPJ Legal: NCLT orders freezing, attaching assets of Metalyst Forgings’ former promoters

In December 2017, the company was admitted under the Corporate Insolvency Resolution Process in a petition filed by the State Bank of India. Dinkar T Venkatasubramaniam was then appointed as the interim resolution professional of the company.

MCA moves NCLT to freeze all assets of Metalyst Forgings former promoters

Mapro Industries, Metalyst Forgings, Pil Italica Lifestyle, Suryavanshi Spinning Mills, Valencia Nutrition are set to release their quarterly earnings today.

Important results today: Delta Corp, Metalyst Forgings, Madhucon Projects

Metalyst Forgings reports standalone net loss of Rs 91.74 crore in the March 2020 quarter

Three of Amtek group companies, including Castex Technologies, Amtek Ring Gears and Metalyst Forgings are each undergoing separate insolvency resolution process

Two years later, Amtek Auto readies for its second resolution process

Deccan Value says its plan ‘vitiated as ‘incorrect info on asset was shared.

NCLT calls for Metalyst Forgings rebid

Metalyst Forgings Ltd was the promoter of Castex Technologies Ltd at the the time of violation.

Sebi imposes Rs 15 lakh fine on Castex, Metalyst for disclosure lapses

NCLT called the plea “malafide” and meant to intentionally delay the approval of its resolution plan by the tribunal.

NCLT rejects Deccan Value Investors’ plea against resolution professional of metalyst forgings

DVI now wants to withdraw the proposal, claiming discrepancies in the information shared with the company and what existed on ground. Metalyst owes Rs 3,800 crore to lenders.

DVI seeks to withdraw offer for Metalyst Forgings

The boards of Shriram EPC and Metalyst Forgings will meet on Saturday to decide on the quarter as well as full-year financial results for the period ended March 31, 2018. Ambica Agarbathies & Arom

Fortis Healthcare, Unitech results in focus

Amtek's subsidiary Castex Technologies and Metalyst Forgings were also locked at 5 percent upper circuit each at Rs 4.31 and Rs 28.20 on the BSE, respectively.

Amtek Auto jumps 5% after Committee of Creditors approves resolution plan of Liberty House

Hasn't fared well - amongst the low performers

Performance

Seems to be overvalued vs the market average

Valuation

Lagging behind the market in financials growth

Growth

Profitability and efficiency haven't been upto the mark

Profitability

Fundamentals

Good time to consider, stock is not in the overbought zone

Technicals

Entry point

The stock has a moderate number of red flags

Promoter pledged holding

Unsolicited messages

Default probability

Red flags

Metalyst Forgings Limited, formerly Ahmednagar Forgings Limited, is a forging axle beam and crankshaft manufacturing company.