With reference to the captioned matter, please refer our letter dated. January 29, 2026, whereby we informed that the 17th (Seventeenth) meeting of Committee of Creditors ("CoC") of Baron ....
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Baron Infotech Ltd, which is currently under the Corporate Insolvency Resolution Process (CIRP), held its 17th Committee of Creditors meeting on February 2, 2026, from 4:21 PM to 5:14 PM. All resolutions were passed with 66% voting, the required threshold. Key approvals included holding CoC meetings quarterly, an updated Information Memorandum, an updated Bid Evaluation Matrix (with some modifications to be confirmed by members), and a Request for Resolution Plan (with modifications to be confirmed). The CoC also approved the shifting of the company's registered office and execution of a lease deed. Three items were deferred: fees for the Process Advisor, the December 2025 quarterly financials and auditor review report, and replacement of Statutory Auditors pending revised quotes from peer-reviewed CAs.
Progress in the insolvency process continues with the CoC moving toward evaluating and finalising a Resolution Plan, which is a positive step toward potential revival or liquidation decision. Shareholders remain in limbo as the company's fate is decided by creditors, not shareholders, under CIRP rules.