First Board Meeting After NCLT-Approved Resolution Plan: Erstwhile Directors Cease, New Company Secretary Appointed
The first Board meeting after the NCLT-approved Resolution Plan was held on September 24, 2026 via video conferencing.
By ScoutQuest · · 1 min read
- Board Meeting Date
- September 24, 2026
- Meeting Format
- Video conferencing
- NCLT Order Date
- 09.07.2026
- NCLT Bench
- NCLT New Delhi Bench (Court-II)
- New Company Secretary
- Ms. Manshi Gandhi
What happened
The first meeting of the Board of Directors of the company after the approval of its Resolution Plan by the Hon'ble NCLT was held on Thursday, September 24, 2026 at 05:00 PM through video conferencing. The meeting commenced at 05:45 PM and concluded at 05:55 PM the same day.
Decisions approved
- Cessation of the erstwhile Directors of the company, in compliance with the approved Resolution Plan
- Appointment of Ms. Manshi Gandhi as Company Secretary and Compliance Officer of the company
Both resolutions were approved by the Directors by show of hands.
Background
The company signs itself as being Under Plan Implementation. It notes it is a company under CIRP (corporate insolvency resolution process) vide order dated 09.07.2026 passed by the NCLT New Delhi Bench (Court-II) in CP No. IB-263/ND/2023.
How investors may read it
When a resolution plan is approved, the earlier board typically steps aside and the incoming management under the plan takes charge. This update records exactly that transition, along with the appointment of a key compliance officer, which is required for a listed company to meet its disclosure obligations.
The communication is administrative in nature. It carries no revenue, profit, capital or shareholding figures, so the immediate read-across is to governance and control rather than to operations. Investors in companies undergoing plan implementation usually watch for subsequent disclosures on the plan's terms, capital restructuring and any changes to shareholding.
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