Minutes of 12th Committee of Creditors Meeting - CIRP Update

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Price reactionminutes from the announcement price · days from the prior close

+3.7%Reaction day

₹4.55

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Nifty Microcap 250market · in no size index; the smallest one is used+0.2%+3.5% vs market

Holding Company peers, median of 15sector-0.7%+4.4% vs sector

On the reaction day the stock moved 3.5 pts more than Nifty Microcap 250 and 4.4 pts more than its Holding Company peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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AI summary

12th Committee of Creditors meeting held on May 29, 2026 via Zoom. Q4 and FY26 results show 1.73 crore income from fixed deposits and BNP Paribas interest, with a 3.34 lakh loss. No current operations or employees. Sirohi land appears already sold to 45 parties; non-cooperation case filed against suspended board. Foreign subsidiary Global Composite Holdings dissolved on May 21, 2026. Resolution plan vetting continues. CIRP costs of about 37.9 lakh to be shared by financial creditors as per their voting share.

Likely market impact

Company remains under insolvency process with no recovery for shareholders until a resolution plan is approved by NCLT.