Intimation on constitution of Monitoring committee in the matter of M/s. Taaza International Limited
Awaiting price reaction for this filing.
The NCLT Hyderabad Bench approved the resolution plan for Taaza International Limited on June 12, 2025, under Section 30 of the Insolvency and Bankruptcy Code, 2016. Following this approval, a Monitoring Committee has been constituted to oversee implementation of the plan. The committee has three members: Chinna Gurappa (Erstwhile Resolution Professional) as Chairman, P.B.N. Murthy (CoC representative) as Member, and Mr. Venkatesh Challa (SRA representative) as Member. This is a post-insolvency procedural intimation required under SEBI listing regulations.
For shareholders, this signals that the company has successfully exited the corporate insolvency resolution process with an approved resolution plan, which is a positive development. The Monitoring Committee will now oversee execution of the plan and protect creditor as well as stakeholder interests during the implementation phase.