Jaiprakash Associates Limited has informed the Exchange about Corporate Insolvency Resolution Process-Voting results
Awaiting price reaction for this filing.
Jaiprakash Associates, which is currently under Corporate Insolvency Resolution Process (CIRP), shared the results of e-voting from its 22nd Committee of Creditors (CoC) meeting. The only item put to vote was the ratification of 14th October 2025 as the deadline for resolution applicants to submit their signed resolution plans. The item was approved with 89.07% voting in favour, well above the 51% threshold required. The company remains in active insolvency proceedings with the Resolution Professional, Bhuvan Madan, overseeing the process.
This is a procedural step that keeps the CIRP moving forward and confirms that creditors are aligned on the timeline for evaluating resolution plans. For shareholders, the stock remains under stress and the existing equity faces a high risk of dilution or near-total loss depending on how the resolution plan values the company versus its debt.