Form G published under insolvency process; resolution plans invited till 23 November 2026

The company is under Corporate Insolvency Resolution Process (CIRP) following the NCLT Mumbai order dated March 11, 2024.

Mon 28 Sep 2026

NCLT Order Date

March 11, 2024

Resolution Professional

Mr. Bimal Kumar Agarwal

Form G Publication Date

September 28, 2026

Last date for Expression of Interest

13 October 2026

Last date for resolution plans

23 November 2026

What was shared

The company informed BSE that its Resolution Professional has published Form G, the Invitation for Expression of Interest, on September 28, 2026, in Free Press Journal (English) and Navshakti (Marathi), Mumbai editions. Form G is the formal step in an insolvency process by which bidders are invited to come forward with resolution plans for the company.

Background of the insolvency

• The company is undergoing Corporate Insolvency Resolution Process (CIRP) pursuant to the NCLT, Mumbai Bench order dated March 11, 2024 in C.P. (IB) No. 314/MB/2023.
• By order dated August 13, 2026 (uploaded on the NCLT website on August 24, 2026), the NCLT appointed Mr. Bimal Kumar Agarwal as the Resolution Professional.
• Form G has been published under Regulation 36A of the IBBI (Insolvency Resolution Process for Corporate Persons) Regulations, 2016.

Timeline disclosed

• Last date for receipt of Expression of Interest: 13 October 2026
• Provisional list of prospective resolution applicants: 16 October 2026
• Last date for objections to the provisional list: 21 October 2026
• Final list of prospective resolution applicants: 23 October 2026
• Issue of information memorandum, evaluation matrix and request for resolution plans: 24 October 2026
• Last date for submission of resolution plans: 23 November 2026

Expressions of Interest are to be submitted at the email address cirp@vasinfra.com. A copy of Form G and the newspaper clippings are available on the company's website and on the IBBI website.

What it means for shareholders

Under CIRP, the management of the company vests with the Resolution Professional, and the outcome depends on the resolution plan that is eventually approved by the committee of creditors and the NCLT. In insolvency resolutions, equity shareholders rank last in the order of claims, and the treatment of existing shares depends entirely on the terms of the approved plan. Investors may watch for the next disclosures on the list of prospective resolution applicants and, later, on the resolution plans received.

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