CoC approves ratification of CIRP expenses at its 13th committee meeting

The Committee of Creditors (CoC) of the company met for its 13th meeting on Monday, 27.07.2026 at 12:00 P.M. through video conferencing.

Tue 6 Oct 2026

CoC Meeting

13th meeting on Monday, 27.07.2026 at 12:00 P.M. through video conferencing

Agenda Item

B1 - to ratify the CIRP expenses already incurred by the Resolution Professional, as per Regulation 34 of the IBBI (CIRP) Regulations, 2016

Resolution Outcome

The resolution was put to vote and was approved by the Committee of Creditors

The company has disclosed the outcome of the 13th meeting of its Committee of Creditors (CoC), held on Monday, 27.07.2026 at 12:00 P.M. through video conferencing.

What was placed before the committee

One agenda item was taken up in the meeting, described in the update as Agenda Item no. B1: to ratify the CIRP expenses incurred by the Resolution Professional (RP) as per Regulation 34 of the IBBI (CIRP) Regulations, 2016.

On this item, the update states that the resolution was put to vote and was approved by the Committee of Creditors.

Understanding the terms

• The company is under a Corporate Insolvency Resolution Process, or CIRP. In simple terms, this is a court-supervised process where a company's debts are dealt with through a structured mechanism.
• The Committee of Creditors (CoC) is the body of the company's lenders. In a CIRP, it is the CoC that votes on key matters placed before it.
• The Resolution Professional (RP) is the person who runs the company's affairs during the CIRP and takes the process forward, including matters that involve spending.
• The agenda here was to ratify expenses the RP had already incurred while carrying out the CIRP. Ratification means the CoC formally approved those already-incurred expenses.

What the outcome means

The agenda item has been decided by a vote of the CoC and approved. The update records this as material information for shareholders under the insolvency-related disclosure requirements.

What to keep in view as an investor

• The disclosure is about an internal approval by the lenders' committee on costs connected to running the insolvency process.
• It records the decision taken on the agenda item placed before the CoC, along with the fact that it was approved by vote.
• The company is under CIRP, and updates on CoC meetings describe the steps being taken within that process rather than a change in the company's ordinary business operations.

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