Disclosure regarding the deemed resignation of the Erstwhile Directors and Key Managerial Personnel of Cian Healthcare Limited pursuant to the resolution plan approved by the Hon'ble National ....
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Following the NCLT Mumbai's approval of a resolution plan on December 18, 2025 (submitted by Mr. Pradeep Kumar Jain as the Successful Resolution Applicant under the IBC, 2016), Cian Healthcare's entire board and top management have been deemed to have resigned. The five persons vacating office are: Mr. Suraj Zanwar (Managing Director), Mr. Sunil Kumar (Independent Director), Mr. Santosh Pimparkar (Director), Mr. Bhushan Kulkarni (Company Secretary), and Ms. Kalyani Chordia (CFO). The Resolution Plan Implementation Committee formally noted these vacancies at its meeting on December 24, 2025. No formal resignation letters are required since the departures are a direct consequence of the NCLT order.
For shareholders, this marks a complete change in leadership as the company emerges from insolvency — a new board and KMPs are expected to be appointed by the incoming resolution applicant shortly. While the resignations themselves are procedural under the approved resolution plan, investors should watch for the next disclosures on the new board composition, shareholding changes, and likely equity dilution as part of the resolution plan implementation.