Outcome of the First meeting (CIAN/RPIC/2025-26/01) of the Resolution Plan Implementation Committee ('Implementation Committee') held on December 24, 2025.
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Cian Healthcare informed BSE about the outcome of the first meeting of its Resolution Plan Implementation Committee. The NCLT Mumbai Bench-VI had approved the company's resolution plan on December 18, 2025, with Mr. Pradeep Kumar Jain as the Successful Resolution Applicant. The newly constituted Implementation Committee, headed by erstwhile Resolution Professional Roshen Chordiya, has been given powers equivalent to the Board of Directors to oversee plan execution, stakeholder payments, and operational continuity until the Resolution Plan Closure Date. Five erstwhile Directors and Key Managerial Personnel — including the Managing Director, two other Directors, one Independent Director, the Company Secretary, and the CFO — have been deemed to have vacated their offices under the approved plan.
This marks the formal beginning of the company's emergence from the insolvency process, with a new resolution applicant taking charge and the old management deemed resigned. Shareholders should expect a change in control, fresh equity infusion as per the plan, and potential revival of operations — though capital structure changes and shareholder dilution under the resolution plan would follow.