JPASSOCIATNSEJaiprakash Associates Limited· ConstructionHighNeutral
Announced Thu, 26 Feb, 2026 · 19:51 IST
Jaiprakash Associates CoC approves 3 items in 26th meeting during CIRP
Price reaction
Awaiting price reaction for this filing.
AI summary
The 26th Committee of Creditors meeting e-voting results show all 3 items approved with 89.15% voting, well above required thresholds. Items approved: Jan-Mar 2026 cash outflow budget as going concern costs, bank guarantee from Bhutan National Bank for Khorlochchu HEP 600MW project in Bhutan treated as interim finance, and ratification of extended gap between the 25th and 26th CoC meetings. Company remains in CIRP under IBC.
Likely market impact
Routine procedural approvals during ongoing insolvency. No change in CIRP status. Shareholders await final resolution plan outcome.