Constitution of the Resolution Plan Implementation Committee of Cian Healthcare Limited pursuant to the approval of the Resolution Plan by the Hon''ble NCLT.
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Cian Healthcare Limited has constituted a Resolution Plan Implementation Committee following the NCLT (National Company Law Tribunal) approval of its resolution plan on December 18, 2025 under the Insolvency and Bankruptcy Code, 2016. The three-member committee is chaired by the Resolution Professional, Mr. Roshen Chordiya, with members from a financial creditor (IDBI Bank) and the Successful Resolution Applicant. The committee holds board-equivalent powers temporarily, until the Resolution Plan Closure Date, to oversee implementation and ensure timely payments to stakeholders. The existing board's powers are effectively suspended for this limited period.
This signals that the company is exiting the insolvency resolution process and moving toward revival under a new resolution plan. Shareholders should note that their rights are now governed by the approved resolution plan, and equity dilution or restructuring as per the plan terms is likely. Stock may see volatility as the new management takes charge.