CoC approves Mr. S. Bhawarlal's resolution plan with 100% voting share

Regulatory & Legal View source PDF Explain this filing

Price

Loading chart…

▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close

+1.8%Reaction day

₹2.25

prior close

₹2.21

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-1.7%+3.4% vs market

Other Financial Services peers, median of 81sector-0.2%+2.0% vs sector

On the reaction day the stock moved 3.4 pts more than Nifty Microcap 250 and 2.0 pts more than its Other Financial Services peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

+0.0

10m

+0.0

15m

+0.0

30m

+0.0

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+1.8-1.7+3.4-0.2+2.0

Next day

+3.6-4.2+7.8-2.5+6.1

+5.3-5.2+10.6-3.0+8.3

+3.6-7.4+11.0-3.7+7.2

+7.6-7.0+14.6-4.0+11.5

+9.3pendingpending-3.3+12.7

—————

15d

—————

UpDownMarket · Nifty Microcap 250Sector · Other Financial Services peers, median of 81Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

The Committee of Creditors (CoC) of PS IT Infrastructure & Services Limited approved the resolution plan submitted by Mr. S. Bhawarlal with 100% voting share from all 13 CoC members in its 13th meeting on 17 Oct 2026. Three other resolution plans from Resurgent India, Ambica Cotseeds, and Aikyam Stressed Assets Fund I were rejected. Mr. Bhawarlal is the promoter of SBEE Cables. The Resolution Professional will now file an application before NCLT Mumbai for approval under Section 30(6) of IBC 2016.

Likely market impact

Positive step toward exiting insolvency. NCLT approval pending. May lead to business revival and potential value recovery for shareholders and creditors.