BSEPradhin LtdHighNeutral
Announced Mon, 17 Aug, 2026 · 15:18 IST
2nd CoC meeting: Rs 23.47 cr claims admitted, forensic audit approved
Price reaction
Awaiting price reaction for this filing.
AI summary
The 2nd CoC meeting of Pradhin Ltd, under insolvency process since 2 July 2026, was held on 14 Aug 2026. Total admitted claims stand at Rs 23.47 crore from 7 creditors. A shareholder alleged diversion of about Rs 110 crore raised through equity and questioned two financial creditors eligibility. The CoC approved a forensic auditor at Rs 4.5 lakh, ratified Rs 60,733 in RP expenses, continued the statutory auditor, and approved Rs 1.99 lakh payment for staff salary and office rent dues.
Likely market impact
Insolvency process continues. Shareholder allegations of large fund diversion are under examination. No resolution plan approved yet.