ROC Cuttack approves three-month extension for Annual General Meeting amid ongoing CIRP

Sun Granite Export says ROC Cuttack has approved its request for a three-month extension, up to 31 December 2026, to hold the AGM for the year ended 31 March 2026.

Tue 6 Oct 2026

AGM Extension Period

three-month extension, up to 31 December 2026

Financial Year

year ended 31 March 2026

Approving Authority

Registrar of Companies, Cuttack has approved the request

What the exchange was told

• The company applied to the Registrar of Companies, Cuttack under Section 96(1) of the Companies Act, 2013, for an extension of time to hold its Annual General Meeting for the financial year ended 31 March 2026.
• It says technical difficulties on the MCA portal in update the requisite e-Form GNL-1 led it to submit e-Form GNL-2 with the Registrar of Companies, Cuttack, setting out the circumstances.
• The application has been approved by the Registrar of Companies, Cuttack.
• The extension sought is three months, i.e. up to 31 December 2026.

Why the extension was sought

• The company is presently undergoing the Corporate Insolvency Resolution Process (CIRP) pursuant to an order passed by the Hon'ble NCLT Bench dated 5 August 2026, under which the signatory was appointed Interim Resolution Professional (IRP).
• In the first meeting of the Committee of Creditors (CoC) held on 3 September 2026, the signatory was appointed Resolution Professional (RP) of the Corporate Debtor to conduct and manage the CIRP under the IBC, 2016.
• On commencement of CIRP, the powers of the Board of Directors stand suspended under Section 17 of the IBC, 2016, and the management of the affairs of the Corporate Debtor is vested with the RP.
• The RP is taking control and custody of the books of account, records, statutory registers, financial information and other relevant documents, and is collating, verifying and reconciling the financial and operational information of the company.
• This process, together with the requirement to ensure proper verification and finalisation of the financial statements, resulted in practical difficulties in completing the requisite statutory compliances within the timeline for convening the AGM.

Points a shareholder may note

• The company is in CIRP, the Board's powers are suspended and the affairs are managed by the Resolution Professional.
• The communication is signed by Raghunath Bhandari, Resolution Professional of Sun Granite Export Limited.
• The subject matter of this disclosure is the AGM timeline, not the company's financial performance.

What happens next

• The company says that upon grant of the extension it shall make all reasonable efforts to finalise the financial statements and other requisite documents and convene and hold the AGM within the extended period, and thereafter complete the consequential statutory updates and compliances within the applicable timelines.
• It shall intimate the stock exchange regarding the outcome of the application and shall also disclose the revised date of the AGM.

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