Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("LODR") and in accordance with the requirements of sub-clause 16(g) of Clause A of ....
Awaiting price reaction for this filing.
Baron Infotech Limited, which is under Corporate Insolvency Resolution Process (CIRP), has filed an approved Resolution Plan with the Hon'ble NCLT, Hyderabad Bench on May 5, 2026. The plan was submitted by Innopark (India) Private Limited and was approved by the Committee of Creditors (CoC) in its 239th meeting held on April 25, 2026. The company is currently under CIRP with a Resolution Professional appointed, and the plan is now awaiting NCLT's formal approval to conclude the insolvency proceedings.
Filing of the resolution plan with NCLT is a critical milestone in the insolvency process. If approved by the NCLT, it could restore viability to the company, potentially benefiting shareholders. However, the outcome remains subject to NCLT's decision.