BSESun Granite Export LtdCriticalNegative
Announced Mon, 7 Sept · 19:08 IST
CoC appoints Resolution Professional for ongoing CIRP
Price reaction · full curve
Awaiting price reaction for this filing.
AI summary
Sun Granite Export Ltd's Committee of Creditors, in its meeting on September 3, 2026, unanimously approved the appointment of Mr. Raghunath Bhandari as the Resolution Professional to conduct the Corporate Insolvency Resolution Process of the company under Section 22(2) of the Insolvency and Bankruptcy Code, 2016. This is a continuation of earlier intimations regarding the company's ongoing CIRP.
Likely market impact
Confirms the company remains under insolvency resolution; shareholders face potential dilution or loss under any approved resolution plan.