The Company has informed the stock exchanges about the Copy of Newspaper Publication by the Company on the 27th March, 2026.
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The company filed copies of newspaper advertisements published on 27th March, 2026 in Business Standard (English and Hindi) across its New Delhi, Lucknow, Jaipur, and Chandigarh editions, as required under SEBI Listing Regulations 30 and 47. The advertisements disclose that, following an NCLAT order dated 7th January, 2026, the Corporate Insolvency Resolution Process (CIRP) under the IBC, 2016 has been confined to the company's Lucknow and Rajasthan projects (per the March 2022 settlement with IL&FS Financial Services). Resolution Professional Shri Navneet Kumar Gupta is managing these projects as well as the Serene Residency Project in Greater Noida, whose Resolution Plan was approved by NCLT on 6th October, 2025. The Fernhill Project in Gurgaon continues to be managed by Resolution Professional Shri Jalesh Kumar Grover. The advertisements also include a public caution notice warning against unauthorized persons claiming to represent the company or its subsidiaries.
This is a procedural compliance filing and does not directly affect the stock price, but it reinforces that the company remains under insolvency resolution for key projects, limiting operational flexibility. The public fraud warning indicates ongoing reputational and legal concerns the company is trying to manage.