Osia Hyper Retail Limited has informed the Exchange about Corporate Insolvency Resolution Process
OSIAHYPER · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Osia Hyper Retail Limited is currently under Corporate Insolvency Resolution Process (CIRP) after NCLT admitted the insolvency petition. The Interim Resolution Professional (IRP) from NPV Insolvency Professionals has informed about the outcome of the 1st Committee of Creditors (CoC) meeting held on May 20, 2026. Financial creditors consented to convene the meeting on a reduced notice period of 24 hours due to urgency of matters requiring immediate attention. Agenda items were deliberated upon by the CoC members. The IRP is Mr. Janak Jagjivan Shah, and the company continues to be under CIRP with ongoing resolution proceedings.
This indicates the company is in formal insolvency proceedings, which is highly negative for existing shareholders as their equity may get diluted or wiped out depending on the resolution outcome or liquidation.