Pursuant to Regulation 30 of SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015 ("LODR") read with Sub-clause 16(j) of Clause A of Part A of schedule III of LODR, we ....
Awaiting price reaction for this filing.
Baron Infotech Limited, currently under Corporate Insolvency Resolution Process (CIRP), has filed its approved Resolution Plan with the Hon'ble NCLT, Hyderabad Bench. The Resolution Plan was submitted by Innopark (India) Private Limited and was approved by the Committee of Creditors in its 239th meeting held on April 25, 2026. The approved plan was formally filed with NCLT on May 5, 2026. The company is being managed by Resolution Professional CS Dr Ahalada Rao Vummethala. This filing marks a significant milestone in the insolvency resolution process, moving the case toward potential completion.
This indicates progress in the CIRP process. If NCLT approves the plan, it could restore the company's operations and benefit creditors. However, final outcome remains subject to NCLT approval.