With reference to the captioned matter, please refer to our letter dated. February 9, 2026, whereby, we informed BSE Limited that the 18th meeting of Committee of Creditors ("CoC") of Baron ....
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Baron Infotech Limited, currently under Corporate Insolvency Resolution Process (CIRP), held its 18th Committee of Creditors (CoC) meeting on February 13, 2026, lasting roughly 11 minutes. Financial results for the quarter ending December 31, 2025, along with the auditor's limited review report, were deferred. The CoC approved three key items with 100% voting support: the updated Information Memorandum, the Request for Resolution Plan, and the Evaluation Matrix. Process Advisor fees were also approved, set at Rs. 1 lakh or Rs. 10,000 per Resolution Applicant, whichever is higher.
Existing shareholders continue to face uncertainty as the company remains deep in insolvency proceedings with no final resolution plan yet. The 100% approval of the resolution plan request and evaluation matrix signals that the process is actively advancing toward inviting and assessing bids, which is a necessary step toward recovery but does not guarantee shareholder value preservation.