Public announcement made pursuant to the Corporate Insolvency Resolution Process initiated under the Insolvency and Bankruptcy Code, 2016 against Osia Hyper Retail Limited (In CIRP)
OSIAHYPER · price
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On the reaction day the stock moved 6.0 pts less than Nifty Microcap 250 and 4.3 pts less than its Diversified Retail peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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The Hon'ble National Company Law Tribunal (NCLT), Ahmedabad Bench - Court II has admitted a petition for initiation of Corporate Insolvency Resolution Process (CIRP) against Osia Hyper Retail Limited. NPV Insolvency Professionals Private Limited has been appointed as the Interim Resolution Professional (IRP). A public announcement was published on May 02, 2026, inviting all creditors of the company to submit their claims in the prescribed format within the stipulated timelines. The announcement was published in multiple national and regional newspapers including Financial Express, Sandesh, Lok Bharti, and others. Any claims relating to the period prior to the Insolvency Commencement Date cannot be recovered through the normal course of business during the moratorium period.
This is a major negative development for shareholders as the company has entered a formal insolvency resolution process. Trading in the stock may be suspended, and equity holders will rank last in the priority of creditor repayment during the CIRP.