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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Awaiting price reaction for this filing.
The National Company Law Tribunal (NCLT), Mumbai Bench-VI approved a resolution plan for Cian Healthcare Limited on December 18, 2025, under the Insolvency and Bankruptcy Code, 2016. The Successful Resolution Applicant is Mr. Pradeep Kumar Jain. As a result of this approval, all five existing directors and key managerial personnel — the Managing Director, Independent Director, a Director, the Company Secretary, and the CFO — have been deemed to have resigned from their positions. A Resolution Plan Implementation Committee has been constituted, chaired by the erstwhile Resolution Professional, to oversee the transition. The company has informed the stock exchanges as required under SEBI listing regulations.
This marks the formal exit of the old management team following the company's insolvency resolution. Shareholders can expect a new board to take charge under Mr. Pradeep Kumar Jain's resolution plan, which could bring operational and financial restructuring. The stock may see volatility as the market digests the change in control and awaits details of the new management's revival strategy.