IRP meeting outcome: quarterly results approved, CIRP stay continues
SIMBHALS · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
IRP meeting on May 29, 2026 approved unaudited consolidated results for Q1 to Q3 FY26 and audited standalone FY26 results. Cost auditor Cheena and Associates and secretarial auditor Amit Gupta and Associates (5-year term) were appointed. Company remains under CIRP since July 11, 2024; NCLAT stay continues with judgement reserved on May 13, 2026. Auditors issued adverse conclusion citing non-provision of large interest liabilities and going concern doubts.
NCLAT judgement on insolvency stay is pending and remains the key event. Auditor's adverse opinion flags serious financial concerns. No positive trigger for shareholders.