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AGS Transact: 17th Committee of Creditors (CoC) Meeting Scheduled for September 11, 2026
AGS Transact Technologies Limited has announced that the 17th meeting of its Committee of Creditors (CoC) will take place on September 11, 2026, via video conferencing. The company is currently operating under the Corporate Insolvency Resolution Process (CIRP) administered by the Resolution Professional. AGS Transact carries significant debt of ₹884 Cr against a market cap of just ₹25 Cr and reported a TTM net loss of ₹-169 Cr. Any voting outcomes or resolution plans discussed during this meeting will directly dictate the operational continuity and equity status of the firm.
Confidence: HIGH
What changedFormal scheduling of the 17th Committee of Creditors meeting on September 11, 2026 under CIRP.
Why it mattersThe company is in insolvency with substantial debt (₹884 Cr); CoC proceedings determine whether a resolution plan will be accepted or if the company faces liquidation.
CoC Meeting Number: 17thMeeting Date: 11th September 2026Company Total Debt: ₹884 CrDebt to Market Cap Ratio: ~35.36x
📅 Short termVolatile trading expected around the meeting date as markets await CoC updates on bidding or resolution progress.
📈 Long termHigh structural risk; potential complete capital restructuring, massive equity dilution, or liquidation depending on CIRP resolution.
⚠ Risk flags
- Severe insolvency and liquidation risk under CIRP
- High debt burden of ₹884 Cr against depressed financial performance
- Potential total loss of equity value if resolution plan dilutes or cancels existing shares
Key Highlights
17th CoC meeting scheduled for Friday, 11th September 2026 at 11:30 A.M.
Meeting conducted under the supervision of Resolution Professional Brijendra Kumar Mishra
Company is currently undergoing Corporate Insolvency Resolution Process (CIRP)
Company carries total debt of ₹884 Cr against net worth of ₹570 Cr and market capitalization of ₹25 Cr
👀 What to Watch
Track subsequent exchange disclosures regarding the outcome of the 17th CoC meeting, specifically any resolution plan approvals, liquidation considerations, or voting outcomes.
AGSTRA Delays Q1 FY27 Results Due to Ongoing CIRP and Pending FY25 Audit
AGS Transact Technologies (AGSTRA) has informed exchanges that it will miss the August 14, 2026, deadline for submitting Q1 FY27 financial results. The company has been under the Corporate Insolvency Resolution Process (CIRP) since August 25, 2025, following an NCLT order. Currently, the audit for the financial year ended March 31, 2025, is still in progress by M/s. BSR & Affiliates. Results for FY26 and Q1 FY27 will only be prepared after the FY25 audit is finalized, leaving investors without current financial data for over a year.
Confidence: HIGH
What changedThe company has officially declared its inability to meet the SEBI LODR deadline for Q1 FY27 results, citing a backlog of audits stemming from its insolvency proceedings.
Why it mattersThe delay indicates severe administrative and financial distress; without audited financials for FY25 and FY26, the market cannot value the company's remaining assets or operational viability under the Resolution Professional.
CIRP Start Date: August 25, 2025Reporting Deadline: August 14, 2026Total Debt: Rs 884 CrDebt to Market Cap Ratio: 34xTTM Net Profit: Rs -169 Cr
📅 Short termNegative. The stock is likely to face continued pressure due to the lack of financial transparency and the ongoing insolvency process.
📈 Long termHighly uncertain. The company's future depends on the successful resolution under IBC, but the massive debt and negative profitability pose significant structural challenges.
⚠ Risk flags
- Corporate Insolvency Resolution Process (CIRP)
- Significant delay in financial reporting (FY25 audit still pending)
- High Debt (Rs 884 Cr) relative to Market Cap (Rs 26 Cr)
- Negative TTM PAT of Rs -169 Cr
Key Highlights
Corporate Insolvency Resolution Process (CIRP) initiated by NCLT Mumbai on August 25, 2025
Audit for FY25 (ended March 31, 2025) is still in progress as of August 12, 2026
Auditor M/s. BSR & Affiliates was appointed by the Committee of Creditors on January 23, 2026
Company will miss the regulatory deadline of August 14, 2026, for Q1 FY27 results submission
Debt stands at Rs 884 Cr against a significantly eroded market cap of Rs 26 Cr
👀 What to Watch
Investors should monitor the completion of the FY25 audit as a prerequisite for any further financial disclosures. Given the CIRP status and high debt-to-equity ratio, the stock remains extremely high-risk with limited visibility on recovery.
15th CoC Meeting Scheduled for July 16, 2026, Amid Ongoing Insolvency Process
AGS Transact Technologies, currently under Corporate Insolvency Resolution Process (CIRP), has scheduled its 15th Committee of Creditors (CoC) meeting for July 16, 2026. The company is in significant financial distress with a TTM net loss of ₹169 Cr and a high debt-to-equity ratio of 1.55 (Debt: ₹884 Cr). This meeting is a critical procedural step in the insolvency resolution process, which could lead to a restructuring plan or liquidation. Equity investors should be aware that their interests are typically subordinated to creditors in such proceedings.
Confidence: HIGH
What changedThe company is progressing through the mandatory insolvency resolution steps with the scheduling of its 15th CoC meeting.
Why it mattersThe CIRP process is the most critical event for the company's survival; the CoC's decisions will determine if the company is restructured, sold, or liquidated, directly impacting equity value.
CoC Meeting Date: 16th July, 2026TTM Debt: ₹884 CrDebt to Equity Ratio: 1.55TTM Net Profit: ₹-169 CrPromoter Holding: 26.5%
📅 Short termExpect high volatility and negative sentiment as the company remains under the control of a Resolution Professional and faces insolvency proceedings.
📈 Long termHighly uncertain; the long-term viability depends entirely on the approval of a successful resolution plan that can service the ₹884 Cr debt.
⚠ Risk flags
- Insolvency/Liquidation risk
- High Debt (₹884 Cr)
- Negative TTM Earnings (₹-169 Cr)
- Potential for significant equity dilution
Key Highlights
15th Committee of Creditors (CoC) meeting scheduled for July 16, 2026, at 11:00 a.m.
Company is currently under Corporate Insolvency Resolution Process (CIRP) as per IBC.
TTM Debt stands at ₹884 Cr against a Net Worth of ₹570 Cr (D/E of 1.55).
TTM Net Profit is negative at ₹-169 Cr, with a recent quarterly loss of ₹194 Cr in Dec 2024.
👀 What to Watch
Monitor the outcomes of the CoC meeting for any proposed resolution plans or updates on the insolvency timeline. Investors should understand the 'waterfall mechanism' under IBC where equity holders are paid last.
14th Committee of Creditors Meeting for AGS Transact Technologies Scheduled for June 22, 2026
AGS Transact Technologies Limited, which is currently undergoing the Corporate Insolvency Resolution Process (CIRP), has announced its 14th Committee of Creditors (CoC) meeting. The meeting is scheduled for June 22, 2026, at 3:00 PM via video conferencing to discuss the ongoing resolution process. The company is being managed by Deemed Resolution Professional Brijendra Kumar Mishra as per IBBI regulations.
Key Highlights
14th meeting of the Committee of Creditors (CoC) to be held on June 22, 2026.
Company is currently under Corporate Insolvency Resolution Process (CIRP).
Meeting will be conducted via Video Conferencing starting at 03:00 PM.
Brijendra Kumar Mishra is the appointed Deemed Resolution Professional (RP) for the process.
👀 What to Watch
Investors should remain extremely cautious as the company is in insolvency proceedings, which typically results in significant equity dilution or loss. Monitor CoC outcomes for any proposed resolution plans or liquidation updates.
AGS Transact Delays FY26 Financial Results Due to Ongoing Insolvency and SAP Technical Issues
AGS Transact Technologies has failed to submit its audited financial results for the quarter and year ended March 31, 2026, missing the May 30, 2026 deadline. The company has been under the Corporate Insolvency Resolution Process (CIRP) since August 25, 2025, and is currently still auditing the previous year's (FY25) statements. Compounding the delay are significant personnel shortages in the finance department, board vacancies, and a technical failure rendering their SAP financial software inaccessible. Consequently, the audit for FY26 cannot commence until the FY25 audit is finalized and technical issues are resolved.
Key Highlights
Company is undergoing Corporate Insolvency Resolution Process (CIRP) following an NCLT order dated August 25, 2025.
Audit for the previous financial year (FY 2024-25) is still ongoing, preventing the start of the FY 2025-26 audit.
Critical technical issue reported with SAP software, making financial data retrieval currently impossible.
Severe governance and operational gaps cited, including vacancies in the Board of Directors, Audit Committee, and finance department.
👀 What to Watch
Investors should exercise extreme caution as the company is in insolvency and lacks basic financial transparency and governance. The combination of CIRP, delayed audits, and technical data loss suggests a very high risk of total investment loss.
AGS Transact Forfeits ₹28.65 Cr as 1.44 Cr Warrants Lapse Amid CIRP
AGS Transact Technologies has forfeited ₹28.65 crore after 1.44 crore convertible warrants lapsed due to non-payment of the balance 75% consideration. The warrants were originally issued in August 2024 at ₹79.25 each, but only 56.5 lakh were converted into equity shares before the 18-month deadline. This development is critical as the company is currently undergoing a Corporate Insolvency Resolution Process (CIRP) following an NCLT order in August 2025. The failure of promoters and other investors to fully exercise these warrants indicates significant liquidity or confidence issues.
Key Highlights
1,44,59,100 warrants lapsed out of 2,01,09,100 originally allotted in August 2024.
Total amount forfeited by the company stands at ₹28,64,70,918.75.
Promoter groups (Ravi Goyal and Anupama Goyal Family Trusts) failed to convert 81.5 lakh warrants.
The company is currently under Corporate Insolvency Resolution Process (CIRP) as of August 25, 2025.
Only 56.5 lakh warrants were converted into equity shares during the 18-month tenure.
👀 What to Watch
Investors should remain extremely cautious as the company is in insolvency proceedings and the failure of a major capital infusion via warrants is a negative signal. The forfeited amount is a one-time accounting gain that does not mitigate the high risks of the CIRP process.
AGS Transact Technologies Schedules 13th CoC Meeting Under Insolvency Process
AGS Transact Technologies (AGSTRA) is currently undergoing the Corporate Insolvency Resolution Process (CIRP) as per the Insolvency and Bankruptcy Code. The company has announced that the 13th meeting of the Committee of Creditors (CoC) is scheduled for May 15, 2026, via video conferencing. This meeting is a critical step in determining the future of the company's debt resolution and operational status. The process is being managed by Brijendra Kumar Mishra, the Deemed Resolution Professional.
Key Highlights
13th meeting of the Committee of Creditors (CoC) to be held on May 15, 2026.
Company is officially under Corporate Insolvency Resolution Process (CIRP).
Brijendra Kumar Mishra is acting as the Deemed Resolution Professional (RP).
Meeting will be conducted via Video Conferencing as per SEBI Regulation 30 requirements.
👀 What to Watch
Equity investors should exercise extreme caution as insolvency proceedings often lead to significant equity dilution or total loss of value. Monitor the outcome of CoC meetings for any proposed resolution plans or liquidation risks.
AGS Transact Technologies to Hold 12th CoC Meeting on May 11 Under Insolvency Process
AGS Transact Technologies Limited is currently undergoing the Corporate Insolvency Resolution Process (CIRP) as per the Insolvency and Bankruptcy Code. The company has scheduled the 12th meeting of its Committee of Creditors (CoC) for May 11, 2026, to discuss the ongoing resolution efforts. The company is currently managed by a Resolution Professional, Brijendra Kumar Mishra, as the board remains suspended. This meeting is a critical step in determining the future of the company's operations and debt restructuring.
Key Highlights
12th meeting of the Committee of Creditors (CoC) scheduled for May 11, 2026
Company is currently under Corporate Insolvency Resolution Process (CIRP)
Meeting to be conducted via Video Conferencing at 02:30 PM
Brijendra Kumar Mishra is the appointed Deemed Resolution Professional
Disclosure made under Regulation 30 of SEBI (LODR) Regulations, 2015
👀 What to Watch
Investors should exercise extreme caution as equity value is often significantly impaired or wiped out during insolvency proceedings. Monitor the outcome of CoC meetings for any proposed resolution plans or potential liquidation orders.
CRISIL Migrates AGS Transact Rating to 'CRISIL D (Issuer Not Cooperating)' for Rs 900 Cr Facilities
CRISIL Ratings has migrated the long-term rating of AGS Transact Technologies to 'CRISIL D (Issuer Not Cooperating)' for bank loan facilities totaling Rs 900 crore. This action follows the company's failure to provide necessary financial information and No Default Statements for the past three months. The company is already under a Corporate Insolvency Resolution Process (CIRP) following an NCLT order in August 2025. The lack of management cooperation prevents the rating agency from taking a forward-looking view on the company's credit quality.
Key Highlights
Rating migrated to 'CRISIL D (Issuer Not Cooperating)' for bank facilities worth Rs 900 crore.
Company is currently under Corporate Insolvency Resolution Process (CIRP) since August 25, 2025.
Non-cooperation involves failure to provide No Default Statements (NDS) for the last three months.
CRISIL made multiple attempts to engage with management between February and March 2026 without success.
👀 What to Watch
Investors should exercise extreme caution as the company is in default and undergoing insolvency proceedings. The lack of transparency and management cooperation significantly increases the risk for any remaining stakeholders.
AGS Transact Technologies: CoC Approves Change in Books of Accounts Location Under CIRP
AGS Transact Technologies, currently undergoing the Corporate Insolvency Resolution Process (CIRP), held its 10th Committee of Creditors (CoC) meeting on April 4, 2026. The CoC approved a resolution to move the company's books of accounts and records from its previous location at Indiabulls Finance Centre to its registered office at Kamala Mills, Mumbai. This administrative shift is part of the ongoing insolvency proceedings managed by the Resolution Professional, Brijendra Kumar Mishra. The company continues to operate under the legal framework of the Insolvency and Bankruptcy Code.
Key Highlights
10th meeting of the Committee of Creditors (CoC) concluded via e-voting on April 4, 2026.
Relocation of books of accounts and records to the Registered Office at Kamala Mills, Mumbai.
Company remains under Corporate Insolvency Resolution Process (CIRP) as per SEBI Regulation 30.
Resolution Professional Brijendra Kumar Mishra's AFA is valid until December 31, 2026.
👀 What to Watch
Investors should remain highly cautious as the company is under insolvency, which typically results in significant risk to equity holders. Closely monitor future CoC updates for news regarding a potential resolution plan or liquidation.
AGS Transact Technologies Conducts 11th Committee of Creditors Meeting Under CIRP
AGS Transact Technologies Limited (AGSTRA) is currently undergoing the Corporate Insolvency Resolution Process (CIRP). The company informed the exchanges that the 11th meeting of the Committee of Creditors (CoC) was held on April 10, 2026, via video conferencing. The process is being managed by Brijendra Kumar Mishra, the Deemed Resolution Professional, as the company seeks a resolution for its debt obligations under the Insolvency and Bankruptcy Code.
Key Highlights
11th meeting of the Committee of Creditors (CoC) was held on April 10, 2026.
The company is currently under the Corporate Insolvency Resolution Process (CIRP).
Proceedings are overseen by Deemed Resolution Professional Brijendra Kumar Mishra (IBBI/IPA-002/IP-N00109/2017-2018/10257).
Disclosure made in compliance with Regulation 30 of SEBI (LODR) Regulations, 2015.
👀 What to Watch
Investors should exercise extreme caution as CIRP proceedings often result in significant equity dilution or total loss for retail shareholders. Monitor for updates regarding the approval of any resolution plan by the NCLT.
AGS Transact: CoC Appoints CS and Due Diligence Auditor During 8th Meeting Under CIRP
AGS Transact Technologies, currently undergoing the Corporate Insolvency Resolution Process (CIRP), has announced outcomes from its 8th Committee of Creditors (CoC) meeting held on March 13, 2026. The CoC has appointed M/s Mihen Halani and Associates as the Practicing Company Secretary to handle compliance for the corporate debtor. Crucially, M/s Rutvik S Thakkar and Co. have been appointed to conduct Section 29A due diligence, a mandatory step to vet the eligibility of potential resolution applicants. These procedural steps indicate the insolvency process is moving toward the evaluation of potential bidders.
Key Highlights
8th meeting of the Committee of Creditors (CoC) concluded via e-voting on March 13, 2026
Appointment of M/s Mihen Halani and Associates as Practicing Company Secretary for the company
M/s Rutvik S Thakkar and Co. engaged for Section 29A due diligence under the IBC Code
Company remains under the management of Deemed Resolution Professional Brijendra Kumar Mishra
Disclosure made under Regulation 30 of SEBI LODR following insolvency proceedings
👀 What to Watch
Investors should remain highly cautious as equity value is typically significantly impaired or wiped out during insolvency resolution. Monitor the outcome of the Section 29A due diligence to see if any credible resolution plans are submitted for the company.
AGS Transact Technologies to Hold 10th CoC Meeting Under Insolvency Process
AGS Transact Technologies Limited is currently undergoing the Corporate Insolvency Resolution Process (CIRP) as per SEBI regulations. The company has scheduled the 10th meeting of the Committee of Creditors (CoC) for March 25, 2026, to discuss the resolution roadmap. The process is being managed by Brijendra Kumar Mishra, the Deemed Resolution Professional, as the company seeks a way out of its debt obligations. For equity investors, this process indicates significant financial distress and potential risk to shareholding value.
Key Highlights
10th meeting of the Committee of Creditors (CoC) scheduled for March 25, 2026
Company is currently under Corporate Insolvency Resolution Process (CIRP)
Brijendra Kumar Mishra is serving as the Deemed Resolution Professional
Meeting to be conducted via Video Conferencing at 12:00 noon
👀 What to Watch
Investors should exercise extreme caution as equity holders typically face significant capital erosion or total loss during insolvency proceedings. Monitor the CoC meeting outcomes for any news regarding a resolution plan or potential liquidation.
AGS Transact Technologies Schedules 9th CoC Meeting Under Insolvency Process
AGS Transact Technologies Limited, which is currently undergoing the Corporate Insolvency Resolution Process (CIRP), has scheduled its 9th Committee of Creditors (CoC) meeting for March 20, 2026. The meeting will be conducted via video conferencing to discuss the ongoing resolution proceedings and creditor matters. As the company is under the control of a Resolution Professional, the management powers of the board remain suspended. This process significantly impacts the company's operational future and the potential recovery for stakeholders.
Key Highlights
9th meeting of the Committee of Creditors (CoC) scheduled for March 20, 2026
Company is officially under Corporate Insolvency Resolution Process (CIRP)
Brijendra Kumar Mishra is serving as the Deemed Resolution Professional
Meeting to be conducted via Video Conferencing at 12:00 noon
👀 What to Watch
Investors should exercise extreme caution as equity value is often significantly diluted or extinguished during insolvency proceedings. Monitor the outcomes of CoC meetings for any updates on resolution plans or potential liquidation.
AGS Transact Technologies Schedules 8th Committee of Creditors Meeting Under CIRP
AGS Transact Technologies Limited is currently undergoing a Corporate Insolvency Resolution Process (CIRP) as per SEBI regulations. The company has announced that the 8th meeting of the Committee of Creditors (CoC) is scheduled for March 13, 2026, to discuss the resolution process. This meeting is a critical step in determining the future of the company's debt restructuring or potential liquidation. The company is currently being managed by a Deemed Resolution Professional, Brijendra Kumar Mishra.
Key Highlights
8th meeting of the Committee of Creditors (CoC) scheduled for March 13, 2026
Company is currently under Corporate Insolvency Resolution Process (CIRP)
Meeting to be conducted via Video Conferencing at 03:00 PM
Brijendra Kumar Mishra is the appointed Deemed Resolution Professional
Disclosure made under Regulation 30 of SEBI (LODR) Regulations, 2015
👀 What to Watch
Investors should exercise extreme caution as equity value is often significantly impaired or wiped out during the CIRP process. Monitor the outcome of the CoC meeting for any updates on resolution plans or liquidation proceedings.
AGS Transact Delays Q2 FY26 Results Due to Insolvency Proceedings and Board Vacancies
AGS Transact Technologies has failed to submit its financial results for the quarter and half-year ended September 30, 2025, which were due by November 14, 2025. The company is currently undergoing the Corporate Insolvency Resolution Process (CIRP) following an NCLT order dated August 25, 2025. Delays are attributed to severe personnel shortages in the finance department and vacancies in the Board of Directors and Audit Committee. Furthermore, the audit for the previous fiscal year (FY 2024-25) is still ongoing, with auditors only appointed in December 2025.
Key Highlights
Initiation of Corporate Insolvency Resolution Process (CIRP) against the company on August 25, 2025
Failure to meet the statutory deadline of November 14, 2025, for Q2 FY26 financial reporting
Audit for FY 2024-25 remains incomplete as of March 2026 despite auditor appointment on December 12, 2025
Significant vacancies in the Board of Directors and Audit Committee preventing financial data compilation
Company cited personnel shortages in the finance department as a primary hurdle for data preparation
👀 What to Watch
Investors should exercise extreme caution as the company is under insolvency proceedings and lacks financial transparency. The inability to report results and the ongoing CIRP process represent high risk for equity holders.
AGSTRA Delays Q2 FY26 Financials Due to Ongoing Insolvency Process and Personnel Shortages
AGS Transact Technologies Limited has failed to submit its financial results for the quarter and half-year ended September 30, 2025, missing the statutory deadline of November 14, 2025. The company is currently undergoing a Corporate Insolvency Resolution Process (CIRP) initiated by the NCLT on August 25, 2025. The delay is attributed to severe personnel shortages in the finance department and vacancies in the Board and Audit Committee. Furthermore, the audit for the previous fiscal year (FY 2024-25) is still ongoing after auditors were only appointed in December 2025.
Key Highlights
NCLT initiated Corporate Insolvency Resolution Process (CIRP) against the company on August 25, 2025.
Missed the regulatory deadline of November 14, 2025, for submitting Q2 and H1 FY26 financial statements.
Audit for the prior year (FY 2024-25) is still pending; auditors were appointed via e-voting only on December 12, 2025.
Company reports significant vacancies in the finance department, Board of Directors, and Audit Committee.
👀 What to Watch
Investors should exercise extreme caution as the company is in insolvency and currently lacks financial transparency. The ongoing CIRP and failure to report results indicate high risk to equity holders.
AGS Transact Technologies: CoC Approves 90-Day Extension for CIRP Period
AGS Transact Technologies is currently undergoing the Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code. During the 7th and adjourned 7th Committee of Creditors (CoC) meetings held on February 12 and 16, 2026, a resolution was passed to extend the process timeline. The CoC has officially approved an extension of the CIRP period by 90 days through an e-voting process. This extension indicates that the resolution professional and creditors require additional time to evaluate or finalize a resolution plan for the company.
Key Highlights
Committee of Creditors (CoC) approved a 90-day extension for the Corporate Insolvency Resolution Process (CIRP).
The decision was taken during the 7th and adjourned 7th CoC meetings held in February 2026.
The resolution for extension was passed through a formal E-Voting process by the CoC members.
The company remains under the management of Deemed Resolution Professional Brijendra Kumar Mishra.
👀 What to Watch
Investors should exercise extreme caution as CIRP typically poses a high risk of equity dilution or delisting. It is advisable to avoid new positions until the final resolution plan and its impact on minority shareholders are clarified.
AGS Transact Receives 3 Resolution Plans Under Insolvency Process
AGS Transact Technologies, currently undergoing the Corporate Insolvency Resolution Process (CIRP), has received three resolution plans from potential applicants. These submissions include the mandatory Earnest Money Deposit (EMD), indicating serious interest in the company's revival. The Deemed Resolution Professional (RP) reported this development to the exchanges on February 18, 2026. This marks a critical milestone in the IBC process, as the Committee of Creditors will now evaluate these plans to determine the company's future.
Key Highlights
Receipt of 3 distinct Resolution Plans from potential applicants
All plans accompanied by the required Earnest Money Deposit (EMD)
Disclosure filed under Regulation 30 of SEBI (LODR) Regulations
Process overseen by Deemed Resolution Professional Brijendra Kumar Mishra
👀 What to Watch
Investors should exercise extreme caution as CIRP outcomes often involve significant equity dilution or delisting. Monitor upcoming announcements regarding the Committee of Creditors' (CoC) evaluation and voting on these plans.
AGS Transact Technologies Schedules Adjourned 7th CoC Meeting Under CIRP
AGS Transact Technologies Limited, which is currently undergoing the Corporate Insolvency Resolution Process (CIRP), has announced the adjourned 7th meeting of its Committee of Creditors (CoC). The meeting is scheduled for February 16, 2026, and will be conducted via video conferencing. The company's affairs are currently being managed by a Deemed Resolution Professional, Brijendra Kumar Mishra, as per IBBI regulations. This meeting is a critical step in determining the future of the company and the potential recovery for creditors.
Key Highlights
Adjourned 7th meeting of the Committee of Creditors (CoC) scheduled for February 16, 2026
Company is currently operating under the Corporate Insolvency Resolution Process (CIRP)
Brijendra Kumar Mishra is serving as the Deemed Resolution Professional (RP)
Disclosure filed under Regulation 30 of SEBI (Listing Obligation and Disclosure Requirement) Regulations, 2015
👀 What to Watch
Investors should exercise extreme caution as the company is in insolvency proceedings, which typically results in significant equity dilution or total loss for shareholders. Monitor the outcomes of CoC meetings for any proposed resolution plans or liquidation updates.