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12 announcements match the current filters (relevance ≥ 5).
Setuinfra Delays Q1 FY27 Results; Books Unavailable as NCLAT Appeal on Plan Rejection Pends
Setubandhan Infrastructure Limited informed exchanges that it is unable to submit its unaudited financial results for the quarter ended June 30, 2026, due to the non-availability of financial records and books of accounts to the Resolution Professional (RP). The company is undergoing Corporate Insolvency Resolution Process (CIRP), where the NCLT rejected the CoC-approved resolution plan on March 24, 2025. An appeal against the rejection was filed before the NCLAT on July 09, 2025, and remains pending adjudication. With total debt of ₹72 crore against a market cap of ₹6 crore, the company's financial viability hinges entirely on the resolution process.
Confidence: HIGH
What changedThe company has failed to meet the SEBI LODR Regulation 33 deadline for June 30, 2026 financial results because the Resolution Professional has not been provided with the books of accounts.
Why it mattersNon-compliance with financial reporting rules can lead to trading suspensions and penalties, compounding severe insolvency distress where the resolution plan was previously rejected by NCLT.
Quarter ended: June 30, 2026NCLT Plan rejection date: 24 March 2025NCLAT appeal date: 09 July 2025CIRP admission date: 28 November 2022Total debt vs Market cap: 12.0x (₹72 Cr / ₹6 Cr)
📅 Short termHeightened risk of regulatory scrutiny, non-compliance fines, or trading restrictions under exchange surveillance frameworks.
📈 Long termThe company's survival is critically dependent on the NCLAT overturning the NCLT resolution plan rejection, or it faces potential liquidation under the IBC framework.
⚠ Risk flags
- Insolvency/CIRP process ongoing with rejected resolution plan
- Missing accounting records preventing statutory financial reporting
- High debt burden of ₹72 Cr against net worth of ₹45 Cr
Key Highlights
Unable to submit financial results for the quarter ended June 30, 2026 due to non-availability of accounting records
NCLT rejected the CoC-approved resolution plan on March 24, 2025
Appeal against the NCLT rejection order filed before NCLAT on July 09, 2025, currently pending adjudication
Company admitted to CIRP under Section 7 of IBC on November 28, 2022
👀 What to Watch
Track the outcome of the NCLAT proceedings regarding the rejected resolution plan and check for subsequent filings regarding the recovery of financial records and audit completion.
Setubandhan Infra Fails to Submit Q1 Results as RP Denied Access to Books; CIRP in NCLAT
Setubandhan Infrastructure has failed to submit its unaudited financial results for the quarter ended June 30, 2026, under Regulation 33 of SEBI LODR. The Resolution Professional (RP) stated that financial records and books of accounts have not been made available despite repeated efforts. The company was admitted into CIRP on November 28, 2022, following an SBI petition. After the NCLT rejected the CoC-approved resolution plan on March 24, 2025, an appeal was filed before the NCLAT on July 9, 2025, which remains pending.
Confidence: HIGH
What changedSetubandhan Infrastructure missed the statutory timeline to submit Q1 results because the RP lacks access to company financial records.
Why it mattersThe operational disconnect and rejection of the resolution plan severely elevate liquidation risk for the Rs 6 Cr market cap company carrying Rs 72 Cr in debt.
CIRP admission date: 28 November 2022Resolution plan rejection date: 24 March 2025NCLAT appeal date: 09 July 2025Quarter missed: June 30, 2026
📅 Short termExchanges may levy standard penalties or implement trading restrictions on the stock due to non-compliance with LODR Regulation 33.
📈 Long termThe company's survival depends entirely on the pending NCLAT adjudication; if the resolution plan is permanently dismissed, liquidation under IBC is likely.
⚠ Risk flags
- Severe insolvency and liquidation risk under IBC
- Resolution plan rejected by NCLT Mumbai
- Non-cooperation / non-availability of financial records to the RP
- SEBI LODR non-compliance risk of trading suspension
Key Highlights
Admitted to CIRP by NCLT Mumbai on November 28, 2022 upon SBI application
CoC-approved resolution plan rejected by NCLT Mumbai on March 24, 2025
Appeal against NCLT plan rejection filed before NCLAT on July 09, 2025 and remains pending
Unaudited results for quarter ended June 30, 2026 not finalized due to non-availability of records
👀 What to Watch
Track the outcome of the NCLAT appeal regarding the rejected resolution plan, as well as regulatory notices or trading restrictions from exchanges for delayed quarterly reporting.
Setubandhan Infra reports non-compliance as NCLT rejects Resolution Plan; NCLAT appeal pending
Setubandhan Infrastructure remains under Corporate Insolvency Resolution Process (CIRP) since November 2022, with a massive debt of ₹72 cr against a market cap of just ₹6 cr. The NCLT Mumbai rejected the company's proposed Resolution Plan on March 24, 2025, leading to an appeal at the NCLAT filed on July 09, 2025. Due to unpaid fees to NSDL, CDSL, and the RTA by previous management, the company is currently unable to file mandatory shareholding and audit reports for the quarter ended June 30, 2026. This operational paralysis and legal deadlock significantly increase the risk of liquidation.
Confidence: HIGH
What changedThe company has officially declared its inability to meet basic SEBI filing requirements for the June 2026 quarter due to unpaid depository fees and confirmed the ongoing legal challenge to its rejected resolution plan.
Why it mattersThe rejection of the resolution plan and the inability to pay basic regulatory fees suggest the company is at a critical juncture where liquidation is a high-probability outcome if the NCLAT appeal fails.
Total Debt: ₹72 crMarket Capitalization: ₹6 crDebt to Market Cap Ratio: 12xResolution Plan Rejection Date: March 24, 2025NCLAT Appeal Filing Date: July 09, 2025
📅 Short termNegative. The lack of regulatory filings and the 'peculiar facts' regarding unpaid fees will likely keep the stock under pressure and potentially lead to trading restrictions.
📈 Long termHighly uncertain. The company's future depends entirely on the NCLAT's decision; without an approved resolution plan, the business lacks the ability to bid for new projects or sustain operations.
⚠ Risk flags
- Liquidation risk
- Regulatory non-compliance
- High debt-to-equity (1.59)
- Legal uncertainty (NCLAT appeal pending)
Key Highlights
CIRP initiated on November 28, 2022, following an application by State Bank of India under Section 7 of IBC.
NCLT Mumbai rejected the CoC-approved Resolution Plan on March 24, 2025, stalling the recovery process.
An appeal against the rejection was filed with the NCLAT on July 09, 2025, and remains pending adjudication.
Company is unable to submit Q1 FY27 shareholding patterns due to non-payment of fees to depositories (NSDL/CDSL).
Total debt of ₹72 cr is 12x the current market capitalization of ₹6 cr, indicating extreme financial distress.
👀 What to Watch
Investors should closely monitor the NCLAT proceedings regarding the rejected resolution plan; failure to secure a reversal could lead to the company's liquidation.
Setubandhan Infra: RP Reports Promoter Non-Disclosure for FY26; Contact Details Unavailable
The Resolution Professional (RP) of Setubandhan Infrastructure has reported a regulatory breach as promoters failed to submit mandatory annual disclosures regarding share encumbrances for the financial year ended March 31, 2026. The RP noted that contact details for the current promoters are unavailable to both previous and current management. The company remains in a precarious state following the NCLT's rejection of its Resolution Plan on March 24, 2025. An appeal against this rejection is currently pending before the NCLAT, with the company having been under the Corporate Insolvency Resolution Process (CIRP) since November 2022.
Confidence: HIGH
What changedThe Resolution Professional has officially flagged a compliance failure by the promoters and disclosed a total breakdown in communication with the company's ownership.
Why it mattersThe lack of promoter contact and regulatory non-compliance during an active insolvency appeal signals severe governance risks and complicates the recovery process for creditors and shareholders.
CIRP Admission Date: 28 November 2022Resolution Plan Rejection Date: 24 March 2025NCLAT Appeal Filing Date: 09 July 2025Disclosure Deadline (FY26): 7 working days from 31 March 2026
📅 Short termNegative sentiment is expected as the filing highlights a lack of promoter accountability and ongoing legal deadlock at the NCLAT.
📈 Long termThe long-term viability of the company is highly uncertain and depends entirely on the outcome of the insolvency litigation and the potential for a new resolution plan.
⚠ Risk flags
- Insolvency risk
- Regulatory non-compliance
- Lack of promoter oversight
- Pending litigation (NCLAT)
Key Highlights
Promoters failed to provide Regulation 31(4) disclosures for the financial year ended March 31, 2026
NCLT Mumbai Bench rejected the company's Resolution Plan on March 24, 2025
An appeal against the plan rejection was filed with the NCLAT on July 9, 2025, and remains pending
The company has been under CIRP since the initial NCLT order dated November 28, 2022
RP confirmed that contact details for current promoters are not available with the company officials
👀 What to Watch
Investors should closely monitor the NCLAT's decision regarding the rejected resolution plan, as this will determine if the company proceeds toward liquidation or a new resolution attempt.
Setubandhan Infra Delays Q4 & FY26 Results Due to CIRP and Data Non-Availability
Setubandhan Infrastructure Limited has failed to submit its audited financial results for the quarter and year ended March 31, 2026, missing the May 30 deadline. The company is currently undergoing Corporate Insolvency Resolution Process (CIRP) initiated by State Bank of India in November 2022. The Resolution Professional (RP) reports that the suspended management and promoters have failed to provide the necessary books of accounts and financial records. Furthermore, a previously approved resolution plan was rejected by the NCLT in March 2025, and the matter is currently pending before the NCLAT.
Key Highlights
Missed the statutory deadline of May 30, 2026, for filing Audited Standalone and Consolidated Financial Results.
Company has been under CIRP since November 28, 2022, following a Section 7 application by State Bank of India.
NCLT rejected the CoC-approved Resolution Plan on March 24, 2025; an appeal was filed with NCLAT on July 9, 2025.
Resolution Professional is unable to finalize accounts as suspended management has not provided financial records or data backups.
The powers of the Board of Directors remain suspended and are exercised by the RP, Sandeep D. Maheshwari.
👀 What to Watch
Investors should exercise extreme caution as the company is in a state of insolvency with no clear resolution and a total lack of financial transparency. Avoid any fresh exposure and monitor NCLAT updates regarding the resolution plan appeal.
Setubandhan Infra Fails to Submit FY26 Audited Results Due to Ongoing CIRP and Data Unavailability
Setubandhan Infrastructure Limited has failed to submit its audited standalone and consolidated financial results for the quarter and year ended March 31, 2026, missing the May 30, 2026, deadline. The company is currently under the Corporate Insolvency Resolution Process (CIRP) initiated by the State Bank of India. The Resolution Professional (RP) reported that the suspended management and promoters have not provided the necessary financial records or data backups despite multiple requests. Furthermore, a previously approved resolution plan was rejected by the NCLT in March 2025, and an appeal is currently pending before the NCLAT.
Key Highlights
Non-submission of audited financial results for the year ended March 31, 2026, violating SEBI LODR Regulation 33.
Resolution Professional (RP) cites non-cooperation from suspended management and promoters for the lack of financial data.
NCLT Mumbai rejected the company's Resolution Plan on March 24, 2025; an appeal was filed with NCLAT on July 9, 2025.
The company has been under CIRP since the NCLT order dated November 28, 2022, following an application by State Bank of India.
RP is taking legal steps to secure records, but the timeline for publishing audited results remains uncertain.
👀 What to Watch
Investors should exercise extreme caution as the company is in a state of insolvency with no current financial transparency and a rejected resolution plan. The stock remains highly risky until the NCLAT provides a favorable ruling or a new resolution process is successfully concluded.
Setubandhan Infra Cites Missing Records for Non-Submission of Consolidated Q1 FY24 Results
Setubandhan Infrastructure Limited, currently under Corporate Insolvency Resolution Process (CIRP), responded to NSE/BSE queries regarding missing consolidated financial results for the quarter ended June 30, 2023. The Resolution Professional (RP) stated that essential financial records and books of accounts have not been made available despite repeated efforts, preventing the preparation of consolidated or segment-wise data. Furthermore, the NCLT rejected a previously approved Resolution Plan in March 2025, and an appeal is currently pending at the NCLAT. This highlights severe governance and operational risks as the company remains in a state of legal and financial limbo.
Key Highlights
Company admitted to CIRP on November 28, 2022, following an application by State Bank of India under Section 7 of IBC.
NCLT rejected the Committee of Creditors' approved Resolution Plan on March 24, 2025.
Resolution Professional unable to compile consolidated results for Q1 FY24 due to non-availability of financial records.
An appeal against the NCLT's rejection of the resolution plan was filed with NCLAT on July 9, 2025, and is pending adjudication.
The company is operating with limited information, making comprehensive financial reporting impossible at this stage.
👀 What to Watch
Investors should exercise extreme caution as the company is in insolvency and lacks basic financial transparency. The rejection of the resolution plan and pending legal appeals suggest significant uncertainty regarding any potential recovery for equity shareholders.
Setubandhan Infra Reports Non-Compliance as NCLT Rejects Resolution Plan
Setubandhan Infrastructure Limited remains under the Corporate Insolvency Resolution Process (CIRP) since November 2022 following an application by State Bank of India. The company's recovery efforts faced a major setback as the NCLT rejected its Resolution Plan on March 24, 2025, which is currently being appealed in the NCLAT. Due to non-payment of fees to depositories (NSDL/CDSL) and the RTA by previous management, the company is unable to file mandatory shareholding and audit reports for the period ending March 31, 2026. The Resolution Professional has informed the exchanges of these regulatory defaults and the pending litigation status.
Key Highlights
Company has been under CIRP since November 28, 2022, following SBI's insolvency application.
NCLT Mumbai Bench rejected the proposed Resolution Plan on March 24, 2025.
An appeal against the plan rejection was filed in NCLAT on July 9, 2025, and remains pending.
Failed to submit Shareholding Pattern and Share Capital Audit for the quarter/year ended March 31, 2026.
Depositories (NSDL/CDSL) and RTA have stopped providing data services due to outstanding fee defaults.
👀 What to Watch
Investors should be extremely cautious as the rejection of the resolution plan and ongoing NCLAT appeal indicate a high risk of liquidation or total capital loss. The lack of regulatory filings and depository services further complicates any potential exit or valuation of the stock.
Setubandhan Infra FY25 Results: Net Loss of ₹1.51 Cr Amid Ongoing Insolvency & Audit Qualifications
Setubandhan Infrastructure reported a net loss of ₹1.51 crore for the financial year ended March 31, 2025, on a total income of just ₹23.22 lakhs. The company is currently undergoing a Corporate Insolvency Resolution Process (CIRP), and the NCLT rejected its previously approved resolution plan in March 2025. Significant audit qualifications exist due to the non-availability of bank statements and financial records from the suspended management. An appeal against the NCLT's rejection is currently pending before the NCLAT, leaving the company's future uncertain.
Key Highlights
Reported a Net Loss of ₹1.51 crore for FY25 against a total income of ₹23.22 lakhs.
Total Assets and Liabilities are reported at ₹169.70 crore, though values are not revalued as per CIRP requirements.
The NCLT Mumbai Bench rejected the CoC-approved resolution plan on March 24, 2025.
Auditors issued a qualified opinion due to missing bank statements and lack of balance confirmations for assets/liabilities.
An appeal against the resolution plan rejection was filed with the NCLAT on July 09, 2025, and is currently sub-judice.
👀 What to Watch
Investors should remain extremely cautious as the company is in a critical stage of insolvency with a rejected resolution plan. The lack of reliable financial data and ongoing legal battles at NCLAT suggest a high risk of total capital loss.
Setubandhan Infra Reports FY25 Net Loss of ₹1.51 Cr Amid NCLT Resolution Plan Rejection
Setubandhan Infrastructure is currently undergoing a Corporate Insolvency Resolution Process (CIRP) following the rejection of its resolution plan by the NCLT in March 2025. For the financial year ended March 31, 2025, the company reported a net loss of ₹1.51 crores on a minimal turnover of ₹23.22 lakhs. The Resolution Professional (RP) has highlighted significant challenges, including the suspended management's failure to provide essential books of accounts and bank statements. An appeal against the NCLT's rejection order is currently pending before the NCLAT, leaving the company's future highly uncertain.
Key Highlights
Reported a net loss of ₹1.51 crores and a total turnover of ₹23.22 lakhs for FY 2024-25.
The NCLT Mumbai Bench rejected the company's Resolution Plan on March 24, 2025.
An appeal against the plan rejection was filed with the NCLAT on July 09, 2025, and remains sub-judice.
Auditors issued a qualified opinion due to missing balance confirmations, bank statements, and lack of asset revaluation.
Total assets and liabilities are carried at historical values of ₹169.70 crores without restatement for CIRP claims.
👀 What to Watch
Investors should exercise extreme caution as the company is in insolvency and its resolution plan has been rejected, posing a high risk of liquidation. The lack of reliable financial records and ongoing legal battles suggest significant risk to any remaining equity value.
Setubandhan Infrastructure Delays Q3 FY26 Results Due to CIRP and Data Unavailability
Setubandhan Infrastructure Limited has failed to submit its financial results for the quarter ended December 31, 2025, citing the ongoing Corporate Insolvency Resolution Process (CIRP). The Resolution Professional (RP) stated that essential financial records and books of accounts have not been made available despite repeated efforts, preventing the finalization of statements. This follows a March 24, 2025, NCLT order that rejected a previously approved resolution plan, which is now under appeal at the NCLAT. The company remains in a state of severe legal and operational distress with no clear timeline for financial reporting.
Key Highlights
Non-submission of financial results for the quarter ended December 31, 2025, violating SEBI LODR Regulation 33.
Company has been under CIRP since the NCLT order dated November 28, 2022, initiated by State Bank of India.
NCLT rejected the proposed Resolution Plan on March 24, 2025; an appeal was filed with NCLAT on July 9, 2025.
Resolution Professional reports that books of accounts and relevant data are currently unavailable for compilation.
The matter remains pending adjudication before the NCLAT, leaving the company's future uncertain.
👀 What to Watch
Investors should exercise extreme caution as the company is in insolvency and lacks basic financial transparency. The rejection of the resolution plan and unavailability of records indicate a high risk of total capital loss.
Setubandhan Infrastructure Fails to Submit Q3 FY26 Results Amid Ongoing Insolvency Proceedings
Setubandhan Infrastructure has failed to submit its unaudited financial results for the quarter ended December 31, 2025, as required by SEBI LODR regulations. The company is currently under the Corporate Insolvency Resolution Process (CIRP) following an application by State Bank of India in late 2022. The Resolution Professional (RP) reports that financial records and books of accounts are unavailable, preventing the finalization of statements. Additionally, the NCLT rejected a previously approved resolution plan on March 24, 2025, and an appeal is currently pending before the NCLAT.
Key Highlights
Non-submission of financial results for the quarter ended December 31, 2025, due to unavailable financial records.
NCLT Mumbai Bench rejected the company's proposed Resolution Plan on March 24, 2025.
An appeal against the plan rejection was filed with the NCLAT on July 9, 2025, and remains pending.
The company has been under the Corporate Insolvency Resolution Process since November 28, 2022.
Resolution Professional is unable to compile or review financial statements as books of accounts have not been provided.
👀 What to Watch
Investors should exercise extreme caution as the company faces severe legal hurdles and a lack of financial transparency. The rejection of the resolution plan and missing financial data indicate a high risk of liquidation or total loss of equity value.
