Pursuant to Regulation 30 of SEBI (Listing obligation and Disclosure Requirements) Regulations, 2015 (LODR) and in accordance with the requirements of sub-clause 16(g) of Clause A of Part ....
Awaiting price reaction for this filing.
Baron Infotech Ltd, which is under the Corporate Insolvency Resolution Process (CIRP), has informed the stock exchange about its 17th meeting of the Committee of Creditors (CoC) scheduled for February 2, 2026. The meeting will consider the updated Information Memorandum, Bid Evaluation Matrix, and Request for Resolution Plan, along with other related matters. A Resolution Professional (Dr Ahalada Rao Vummenthala) is handling the process. The fact that this is the 17th CoC meeting suggests the insolvency proceedings have been dragging on for a long time, and the company is still working to find a buyer or resolution applicant.
The stock remains a risky bet as the company continues to struggle under insolvency with no approved resolution plan yet. Shareholders may face significant uncertainty or even wipeout depending on the final resolution outcome.