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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Cian Healthcare has emerged from the corporate insolvency resolution process after the NCLT Mumbai approved its resolution plan on December 18, 2025, with Mr. Pradeep Kumar Jain as the successful resolution applicant. As a consequence of the NCLT order, the entire old board and top management have been deemed to have resigned, including the Managing Director Mr. Suraj Shriniwas Zanwar, Independent Director Mr. Sunil Kumar, Director Mr. Santosh Shivaji Pimparkar, Company Secretary Mr. Bhushan Ramesh Kulkarni, and CFO Ms. Kalyani Vijay Chordia. A Resolution Plan Implementation Committee headed by the erstwhile Resolution Professional has been constituted to oversee the transition. No new appointments were disclosed in this filing; the board is now left vacant pending reconstitution by the new promoter.
This marks a complete change of control at the company — old management is out and a new promoter is taking over, which typically refreshes strategy but also resets investor expectations on business direction. Shareholders should watch for upcoming disclosures on the new board composition and the strategy under the approved resolution plan, as the stock may see re-rating or volatility tied to the IBC exit.