IVRCL Limited has informed the Exchange regarding Proceedings of Annual General Meeting held on December 31, 2025
Awaiting price reaction for this filing.
IVRCL Limited held its 38th Annual General Meeting on December 31, 2025, via video conferencing from 11:06 AM to 12:00 Noon. The meeting was chaired by Mr. Purusottam Behera, the appointed Liquidator, rather than a regular board chairman, reflecting that the company is currently undergoing a liquidation process as a going concern under the Insolvency and Bankruptcy Code (IBC), 2016. Three resolutions were put to vote and all were approved, including adoption of audited standalone and consolidated financial statements for FY ended March 31, 2025, ratification of Cost Auditor remuneration, and appointment of branch auditors. M/s. Chaturvedi & Co. served as Statutory Auditors and M/s. D. Hanumanta Raju & Co. acted as Scrutinizer for the e-voting and poll process.
This is a significant red flag for shareholders — IVRCL is in active liquidation under IBC, meaning the company is not under normal operating management. The Liquidator chairing the AGM confirms the distressed status, and shareholders should expect highly uncertain or minimal recovery on their investment. The stock is likely illiquid and trades purely on speculation about the liquidation outcome.