Setubandhan Infrastructure Limited has informed the exchange of Non-Submission of Audited Financial Results (Standalone & Consolidated) for the Quarter and Year Ended 31st March 2026 under ....
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Setubandhan Infrastructure has failed to submit its audited standalone and consolidated financial results for Q4 and financial year ended March 31, 2026, due by May 30, 2026. The company is under Corporate Insolvency Resolution Process (CIRP) since November 2022, initiated by State Bank of India. The Resolution Professional (RP) states that financial records, books of accounts, and supporting documents have not been provided by the suspended management, promoters, and former key managerial personnel, despite repeated requests. This makes it legally and practically impossible to compile or audit the financial statements. Previously, a Resolution Plan approved by the Committee of Creditors was rejected by NCLT on March 24, 2025. An appeal against this rejection has been filed before NCLAT and is currently pending adjudication.
This is a significant negative development for shareholders as the company cannot provide financial transparency, is under insolvency proceedings, and has an uncertain future pending NCLAT's decision on the rejected resolution plan.