Corporate Insolvency Resolution Process initiated as per NCLT Ahmedabad Bench order; public announcement published

The company has informed BSE that the Corporate Insolvency Resolution Process (CIRP) has been initiated.

Tue 6 Oct 2026

NCLT Order

CP(IB)/86(AHM)/2026 dated 24/09/2026, NCLT Ahmedabad Bench

Public Announcement Date

27th Sept. 2026 in Financial Express (English) and Jai Hind- Ahmedabad (Gujarati)

Interim Resolution Professional

Rajesh Jasti

What the company has told the exchange

The company has informed BSE that the Corporate Insolvency Resolution Process (CIRP) has been initiated, as per an order passed by the Hon'ble National Company Law Tribunal (NCLT), Ahmedabad Bench, order no. CP(IB)/86(AHM)/2026 dated 24/09/2026. The communication is stated to be in furtherance of the company's letter dated 06/10/2026 regarding initiation of the CIRP, and it encloses copies of the public announcements.

Where the public announcement appeared

The public announcements were published on 27th Sept. 2026 in the following newspapers:

• Financial Express, in English
• Jai Hind- Ahmedabad, in Gujarati

Issuing the notice in an English newspaper and in a Gujarati newspaper is how such an announcement reaches creditors and the public both nationally and in the company's home state. The public announcement is the step that takes the insolvency process into the public domain.

Who is the Interim Resolution Professional

The letter is signed For Spright Agro Ltd. by Rajesh Jasti, Interim Resolution Professional. The Interim Resolution Professional (IRP) is the person appointed to take charge of the company's affairs and to run the CIRP while it is under way. The letter gives an email ID for correspondence relating to the process.

What a CIRP means, in simple words

• A CIRP is a formal insolvency process that begins when a petition is admitted by the NCLT, as has happened here.
• From the start of the process, the Interim Resolution Professional steps in to handle the company's affairs, and the company's creditors are brought into the process.
• The process is meant to look at the company's position as a whole and work towards resolving it, rather than leaving it to individual recoveries.
• It is a tribunal-supervised process, so the direction of the case is decided before the NCLT.

What shareholders would typically track

• Further intimations by the IRP and the company to the stock exchanges, since material developments in the process come to investors through those updates.
• The progress of the matter before the NCLT, Ahmedabad Bench.
• Any outcome of the process, which would be communicated when it is disclosed.

The plain takeaway

For a retail investor, the key point in this update is that the company is now in a formal insolvency process that has been publicly announced through newspapers on 27th Sept. 2026, and that an Interim Resolution Professional has been appointed. Developments from here come to shareholders through exchange updates and public notices.

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