Please find attached outcome of 2nd CoC Meeting
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PS IT Infrastructure & Services Limited, currently under the Corporate Insolvency Resolution Process (CIRP) under the IBC Code, 2016, submitted the outcome of its 2nd CoC meeting held on 4th June 2026. The CoC accepted the resignation of CFO Mr. Rajesh Baliram Patole. It also approved interim finance for a period of 180 days to support the company's operations during the resolution process. Additionally, the CoC ratified amendments made to the Expression of Interest (EOI) and Form-G, which are key documents for inviting and evaluating resolution plans from potential bidders.
The 180-day interim finance approval signals continued operational funding during insolvency, while the EOI and Form-G amendments suggest the company is progressing toward inviting formal resolution bids. For shareholders, this indicates the CIRP is advancing but the outcome remains uncertain, and equity holders typically face significant dilution or loss in such proceedings.