Voting Results of 22nd meeting of CoC.
Awaiting price reaction for this filing.
Jaiprakash Associates, which is currently under Corporate Insolvency Resolution Process (CIRP), disclosed voting results from its 22nd CoC meeting. Creditors voted via e-voting between October 28 and October 31, 2025. The only agenda item — ratifying October 14, 2025 (11:59 PM) as the deadline for submission of signed resolution plans by bidders — was approved with 89.07% votes in favour, well above the 51% threshold required. With this ratification, the timeline for evaluating and finalising a resolution plan remains intact. The process continues under the supervision of the Resolution Professional, Bhuvan Madan.
For shareholders, this is a procedural update — the insolvency process is advancing and resolution plans are already in the hands of creditors. A successful resolution plan could revive the company and benefit shareholders, but until a plan is approved by NCLT and a buyer is finalised, equity remains highly speculative and subject to haircuts.