7th CoC meeting held; SAM appointed as legal counsel for CIRP; e-voting pending

NCLT admitted insolvencyRegulatory & Legal View source PDF Explain this filing

DPSCLTD · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close

+1.1%Reaction day

₹7.12

prior close

₹7.27

announcement price

In-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+0.1%+1.0% vs market

On the reaction day the stock moved 1.0 pts more than Nifty Microcap 250, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

+0.0

10m

+0.0

15m

+0.0

30m

-1.0

Sessions after the filingfrom the prior close

StockMarketvs market

Reaction day

+1.1+0.1+1.0

Next day

+0.8-3.2+4.0

-0.3-3.3+3.0

+0.0-2.5+2.5

+0.8-0.9+1.8

-1.7-1.1-0.6

-0.3+0.6-0.9

15d

-6.5-1.4-5.1

-15.0-3.3-11.8

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UpDownMarket · Nifty Microcap 250Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

India Power Corporation (formerly DPSC), under CIRP since 15 May 2026 via NCLT Hyderabad, held its 7th Committee of Creditors meeting on 11 Sept 2026 via video conferencing. The CoC approved engaging Shardul Amarchand Mangaldas as legal counsel for CIRP advisory and litigation, and ratified the short notice for the meeting. An item on clarifying eligibility criteria for consortium applicants under the EOI was deferred to e-voting, with results to be shared later.

Likely market impact

Company remains under insolvency resolution; legal counsel engaged to support the resolution process. Resolution plan progress and outcome remain key for shareholders.