Second CoC meeting passes resolutions on CIRP costs, Form G publication, EVM and RFRP terms
Satiate Agri Ltd, which is under CIRP, has informed BSE of the outcome of its 2nd Committee of Creditors (CoC) meeting held on Monday, October 19, 2026 through video conferencing.
By ScoutQuest · · 3 min read
- CoC Meeting
- 2nd Committee of Creditors (CoC) meeting held on Monday, October 19, 2026
- Meeting Timing
- Commenced at 05:00 P.M. and concluded at 05:50 P.M.
- Approval Basis
- All resolutions were approved by raise of hands with requisite majority under IBC, 2016
What was disclosed
Satiate Agri Ltd, a company currently under Corporate Insolvency Resolution Process (CIRP), has informed BSE of the outcome of the second meeting of its Committee of Creditors (CoC). The meeting was held on Monday, October 19, 2026 through video conferencing. It was originally scheduled for 05:00 P.M., commenced at 05:00 P.M. and concluded at 05:50 P.M. The intimation to the exchange is dated October 22, 2026, and is described in the update as a post-facto intimation of the outcome.
The update states that all the resolutions were approved through raise of hands with requisite majority as per the Insolvency and Bankruptcy Code, 2016.
Items placed before the CoC
- To take note of the developments that took place since the last CoC meeting.
- To place before the CoC the comparative statement of actual CIRP costs incurred against the estimates approved in the previous meeting, and to ratify any excess expenses incurred by the Resolution Professional since the last ratification.
- To approve the estimated CIRP expenses proposed to be incurred by the Resolution Professional until the next CoC meeting.
- To update the CoC on the appointment of valuers and ratification of fees.
- To discuss and decide on publication of Form G and on the eligibility criteria, in accordance with Regulation 36A of the IBBI (CIRP) Regulations, 2016.
- To decide on the terms of the EVM and the RFRP.
The words that matter here
- CIRP: the corporate insolvency resolution process, under which the company's affairs are run under the Code while a resolution plan is worked out.
- CoC: the Committee of Creditors, essentially the body of lenders that votes on decisions and on the resolution plan.
- Resolution Professional: the professional appointed to run the company during CIRP and to conduct the process.
- Form G: the public announcement inviting expressions of interest from parties who may want to submit a resolution plan for the company.
- Eligibility criteria: the conditions that a prospective resolution applicant must satisfy to be allowed to bid.
- EVM: the evaluation matrix, the framework against which resolution plans are scored or assessed.
- RFRP: the request for resolution plan, the document that sets out what a plan must contain and the terms on which it is sought.
- Valuers: independent experts appointed to value the company's assets, whose fees the CoC ratified.
How to read this
This is a process update, not a financial result. The update records decisions taken at a CoC meeting rather than any new business, sales or profit information. The steps it lists are the usual milestones in a CIRP: tracking and approving the costs of running the process, getting valuations in place, and moving towards inviting and evaluating resolution plans.
The direction of travel shown here is that the CoC has moved on to the questions of inviting interest (Form G and eligibility criteria) and setting the terms on which plans will be sought and assessed (EVM and RFRP). That is a stage where the process moves from housekeeping to the search for a resolution applicant, though the update itself records only the decisions taken, not any outcome, timeline or result of that search.
For a retail shareholder
The company's affairs are being conducted under the Code, with a Resolution Professional in charge and the CoC taking the decisions listed. What eventually happens to the company, and therefore to the interests of shareholders, depends on the resolution process. This update is one record of the process moving a step forward; it does not by itself say what the final outcome will be.
Also from Satiate Agri
Non-applicability of corporate governance report for September 2026 quarter intimated to BSE
24 Oct 2026
Second Committee of Creditors meeting intimated under CIRP
17 Oct 2026
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