DPSC Limited has informed the Exchange about Corporate Insolvency Resolution Process regarding Newspaper Publication - Audited Financial Results for the quarter and year ended 31st March, 2026
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DPSC Limited (now renamed India Power Corporation Limited) has disclosed that the Hon'ble NCLT, Hyderabad Bench-1, admitted an application under Section 7 of the Insolvency and Bankruptcy Code, 2016 on 15th May, 2026, thereby commencing the Corporate Insolvency Resolution Process (CIRP). As a consequence, the powers of the Board of Directors of the company stand suspended. The company has published its audited standalone and consolidated financial results for the quarter and financial year ended 31st March, 2026 in newspapers as per Regulation 47 of SEBI (LODR) Regulations, 2015. The publication was done in Financial Express (English) and Aajkal (Bengali) on 31st May, 2026. The company is under the authority of Ms. Sreenivasa Mano Ranjani Medarametla, Insolvency Resolution Professional (IRP).
The commencement of CIRP is an extremely negative development for shareholders, indicating the company has defaulted on financial obligations. The suspension of the board means creditors now control the company's fate. Shareholders face significant uncertainty as the outcome depends on whether a viable resolution plan emerges or the company faces liquidation.