This is to inform that the Resolution Plan Implementation Committee, in its meeting held today, viz. Friday, January 23, 2026, which commenced at 03:30 P.M. (IST) and concluded at 04:26 ....
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Cian Healthcare's Resolution Plan Implementation Committee, which met on January 23, 2026, approved key steps under the NCLT's December 18, 2025 order approving the resolution plan submitted by Mr. Pradeep Kumar Jain. The committee approved cancelling all 67.74 lakh equity shares (27.10%) held by erstwhile promoters with zero consideration, as their liquidation value was treated as NIL. It also approved cancelling all 1.82 crore equity shares (72.90%) held by public shareholders, who will instead receive just 12.50 lakh fresh equity shares in proportion to their existing holdings as on the record date of January 21, 2026. This effectively slashes public shareholders' stake to roughly 6.86% of their original holding. The committee also approved allotment of the fresh shares to public shareholders.
Existing public shareholders will see their holdings drastically reduced — from 1.82 crore shares to about 12.5 lakh shares — representing a near 93% haircut in share count. Erstwhile promoters are completely wiped out with no consideration. The stock is likely to see significant repricing once trading resumes, reflecting the post-resolution capital structure dominated by the new resolution applicant.