Please find attached Outcome of 1st Meeting of COC
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
PS IT Infrastructure & Services Ltd, currently undergoing the Corporate Insolvency Resolution Process (CIRP) since April 29, 2026, held its first meeting of the Committee of Creditors (CoC) on May 25, 2026. The CoC comprises 11 financial creditors with total admitted claims of about Rs. 13.22 crore, with the largest being Jeevan Jyoti Vanijya Ltd (26.57% voting share). Key resolutions passed include confirming the appointment of the Resolution Professional, approving CIRP costs, appointing legal counsel and registered valuers, approving a transaction audit for the period April 2024 to April 2026, and authorising publication of Form G to invite Expressions of Interest (EoI) from potential resolution applicants. The standard five-day notice period for future meetings was waived to 48 hours, and the interval between consecutive CoC meetings was extended to 60 days.
This is a routine procedural update within an ongoing insolvency process. Shareholders face uncertainty as the company's fate depends on a viable resolution plan to be submitted by prospective bidders; the stock remains under insolvency-driven overhang with no near-term revival signal yet.