Intimation under Regulation 30 of SEBI (LODR) Regulation, 2015, read with sub-clause 16(h) pf Para-A of Part-A of Schedule III of SEBI (LODR) Regulations, 2015 Post-Facto inntimation ....
Awaiting price reaction for this filing.
Info-Drive Software Limited, a Chennai-based software services company, has published a Fresh Form G inviting Expression of Interest (EOI) from potential resolution applicants as part of its ongoing Corporate Insolvency Resolution Process (CIRP). The Form G was published in Financial Express (English, All India edition) and Hindu Tamil (Chennai edition) on September 25, 2026. The company was non-operational for several years before the insolvency commencement date, has no employees as of CIRP commencement, and no balance sheets or audited financial statements are available after FY2015-16. Key dates: last date for EOI receipt is October 10, 2026, provisional list of applicants on October 20, 2026, and final resolution plans must be submitted by December 5, 2026. Mr. Sumeet Surendra Chimbalkar is acting as the Resolution Professional. The company is not registered as an MSME.
This confirms that the company is in active insolvency proceedings under the IBC, which is a severe negative signal for existing shareholders as their equity is likely to be significantly diluted or wiped out in any resolution plan. The non-availability of financial statements post FY2015-16 and lack of any employees further highlight the distressed state of the company.