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India MCA Insolvency Liquidation Filings — October 27, 2026

India MCA Insolvency & Restructuring Monitor

By Gunpowder Editorial ·

15 high priority 15 total filings analysed

Executive Summary

The 15 filings cluster around three situations: Premier Limited's long-running CIRP with a stream of delayed Committee of Creditors (CoC) intimations, several NCLT-driven schemes of amalgamation or demerger (Privi Speciality Chemicals, Share India Securities, POCL Enterprises, EFC (I) Limited), and a routine CoC notice from CMI Ltd.

The enriched period-over-period, insider, capital allocation, and forward-looking fields are empty for every filing, so no quantitative YoY/QoQ trends, guidance changes, or insider signals can be drawn; the analysis rests on procedural dates, hearing schedules, and disclosure timeliness. The most material pattern is disclosure lag: at least five Premier intimations dated October 27, 2026 report meetings held between December 2025 and October 2026, which suggests compliance weakness under Regulation 30 and warrants scrutiny of the company's governance during CIRP. Scheme-related filings carry the next time-sensitive catalysts, with November 27, 2026 hearings scheduled for both POCL Enterprises and EFC (I) Limited. Market implications are limited for now because no financial outcomes are disclosed, and most items are rated neutral with materiality of 4 to 6 out of 10.

Materiality, sentiment, and priority are scored by Gunpowder’s analysis pipeline. How we score filings →

Filing types in this digest: Insolvency · Corporate governance

Tracking the trend? Catch up on the prior India MCA Insolvency Liquidation Filings digest from October 19, 2026.

Investment Signals (6)

  • Share India Securities Limited ↓ (BULLISH)
    ▲

    NCLT Ahmedabad rectification order dated October 12, 2026 corrected the Appointed Date of the Silverleaf Capital amalgamation from 01.10.2023 to 01.04.2026, with Regional Director no-objection, clearing a procedural hurdle to effectiveness

  • EFC (I) Limited ↓ (BULLISH)
    ▲

    NCLT Mumbai admitted the demerger petition (C.P.(CAA)/161(MB) 2026) on October 22, 2026 with final hearing fixed for November 27, 2026, a defined near-term catalyst for the restructuring

  • POCL Enterprises Ltd ↓ (NEUTRAL)
    ▲

    NCLT Chennai ordered shareholder and creditor meetings on November 27, 2026 for the Planetfirst Green amalgamation, with notices published October 26, 2026 and distributed to 116 equity holders

  • Privi Speciality Chemicals Limited ↓ (BULLISH)
    ▲

    Equity shareholders passed the special resolution approving amalgamation of Privi Fine Sciences and Privi Biotechnologies on October 27, 2026 with 57 members present, though final results await the Scrutinizer report

  • Premier Limited ↓ (BEARISH)
    ▲

    Five CoC meeting intimations (Twenty-First through Twenty-Fifth) were all filed October 27, 2026 for meetings held between December 2025 and October 2026, indicating governance and disclosure weakness

  • CMI Ltd ↓ (NEUTRAL)
    ▲

    49th CoC meeting scheduled for October 27, 2026 under insolvency, but no resolution outcome or financial figures disclosed, leaving the investment case unresolved

Risk Flags (7)

  • Premier Limited/Regulatory Disclosure↓ [HIGH RISK]
    ▼

    Filings for the Twenty-First (Dec 2025), Twenty-Second (Apr 2026), Twenty-Third (Jul 2026), Twenty-Fourth (Aug 2026) and Twenty-Fifth (Oct 2026) CoC meetings were all submitted October 27, 2026, lags of up to ten months, a potential Regulation 30 breach

  • Premier Limited/CIRP Duration↓ [HIGH RISK]
    ▼

    Twenty-Five CoC meetings have been held during an insolvency process, with no resolution plan outcome or voting data disclosed in any intimation, suggesting a protracted and opaque resolution

  • Premier Limited/Resolution Professional Authorisation↓ [MEDIUM RISK]
    ▼

    Kanak Jani's AFA validity runs only to December 31, 2026, creating a continuity risk for the CIRP if not renewed

  • CMI Ltd/Insolvency Status↓ [HIGH RISK]
    ▼

    Corporate Debtor under CIRP with 49 CoC meetings and no disclosed resolution progress, a sign of prolonged distress and uncertain equity recovery

  • EFC (I) Limited/Scheme Approvals↓ [MEDIUM RISK]
    ▼

    Demerger remains subject to multiple regulatory approvals (RBI, SEBI, CCI, income-tax authorities) and a 30-day representation window, so the timetable could slip past November 27, 2026

  • POCL Enterprises/Creditor Consent↓ [MEDIUM RISK]
    ▼

    Unsecured creditor and equity shareholder meetings must both approve the Planetfirst Green amalgamation on November 27, 2026, and failure of either vote would stall the scheme

  • Share India Securities/Official Liquidator Query↓ [LOW RISK]
    ▼

    The Official Liquidator had raised a query on the original Appointed Date, and although the correction was accepted, the scheme's effectiveness still depends on sanction order filing with the Ahmedabad RoC

Opportunities (6)

  • EFC (I) Limited/Demerger Catalyst↓ (OPPORTUNITY)
    ◆

    Final NCLT hearing on November 27, 2026 could crystallise a separate listed resulting company, with the demerger possibly unlocking value in the subsidiary structure

  • POCL Enterprises/Amalgamation Event↓ (OPPORTUNITY)
    ◆

    November 27, 2026 shareholder and creditor meetings are a binary event for the Planetfirst Green merger, and approval would bring a forward-dated re-rating catalyst

  • Share India Securities/Scheme Effectiveness↓ (OPPORTUNITY)
    ◆

    With the appointed date corrected and Regional Director no-objection in hand, the Silverleaf Capital amalgamation is close to effectiveness once the sanction order is filed, a near-term completion catalyst

  • Privi Speciality Chemicals/Consolidation Benefit↓ (OPPORTUNITY)
    ◆

    Shareholder approval of merging two private transferor companies into the listed entity simplifies the group structure and may improve capital allocation efficiency

  • CMI Ltd/Distressed Situation↓ (OPPORTUNITY)
    ◆

    The 49th CoC meeting on October 27, 2026 could mark progress toward a resolution plan, and a distressed-equity investor who tracks CoC outcomes may find an entry point once a plan is approved

  • Premier Limited/Resolution Outcome↓ (OPPORTUNITY)
    ◆

    With the Twenty-Fifth CoC meeting completed, a resolution plan could be placed before the NCLT, and creditor recovery or equity restructuring could be an event-driven opportunity for specialist investors

Sector Themes (4)

  • Corporate Debt Resolution Drag
    ◆

    Two of the 15 filings (Premier with five CoC meetings, CMI with its 49th) show insolvency processes running for extended periods, with no disclosed resolution outcomes, a pattern of slow IBC execution that weighs on recovery values

  • Delayed Regulation 30 Compliance
    ◆

    Premier's five post-facto intimations, all dated October 27, 2026 for events from December 2025 to October 2026, show a systemic lag in disclosure that could draw SEBI enforcement and undermines market transparency

  • NCLT Scheme Activity Cluster
    ◆

    Four filings (Privi, Share India, POCL, EFC (I)) involve NCLT-supervised amalgamations or demergers with hearings or meetings in late 2026, showing that corporate restructuring through the Companies Act Sections 230-232 route is active, with a near-term concentration of November 27, 2026 hearings

  • Procedural Disclosure Dominance
    ◆

    Almost all filings report procedural steps with no financial figures, so for this stream the effective signal is the timing of hearings and votes rather than balance sheet data, limiting fundamental analysis

Watch List (6)

Filing Analyses (15)
Privi Speciality Chemicals Limited Insolvency neutral materiality 7/10

27-10-2026

Privi Speciality Chemicals Limited announced that its NCLT-convened meeting of equity shareholders, held on October 27, 2026 via VC/OAVM, passed the special resolution approving the Scheme of Amalgamation of Privi Fine Sciences Private Limited (Transferor Company 1) and Privi Biotechnologies Private Limited (Transferor Company 2) into the Company, with 57 members present and quorum achieved. Results of remote and in-meeting e-voting are pending the Scrutinizer's report and will be filed with the exchanges, with resolutions deemed passed upon declaration.

  • · NCLT Mumbai Bench order dated September 7, 2026 directed the meeting; meeting notice dated September 11, 2026
  • · Single special resolution: approval of the amalgamation of both transferor companies with the Company
  • · Meeting held 12:30 p.m. IST and concluded 1:13 p.m. IST on October 27, 2026
  • · E-voting remains open for 15 minutes after the meeting concludes before being disabled automatically
CMI Ltd Insolvency neutral materiality 4/10

27-10-2026

CMI Limited has intimated the stock exchanges (BSE and NSE) under Regulation 30 of the SEBI Listing Regulations that the 49th meeting of its Committee of Creditors (CoC) is scheduled for Tuesday, 27 October 2026. CMI Limited is the Corporate Debtor under insolvency proceedings, and the notice is a routine procedural disclosure with no financial figures, resolution outcomes, or amounts disclosed.

  • · BSE Scrip Code 517330 and NSE Scrip Code CMICABLES
  • · Meeting date: Tuesday, 27 October 2026
  • · Filing made under Regulation 30 read with sub-clause 16(g) of Clause A of Part A of Schedule III of the Listing Regulations
Premier Limited Insolvency neutral materiality 4/10

27-10-2026

Premier Limited, currently under Corporate Insolvency Resolution Process (CIRP) with Kanak Jani as Resolution Professional, has intimated stock exchanges that its Twenty-First Meeting of the Committee of Creditors (CoC) was rescheduled from Thursday, December 11, 2025 at 11:00 A.M. and was duly held on Friday, December 12, 2025 at 12:00 P.M. The filing is a procedural Regulation 30 intimation and discloses no financial figures, resolution plan details, or creditor votes.

  • · The CoC meeting originally scheduled for December 11, 2025 at 11:00 A.M. was rescheduled to December 12, 2025 at 12:00 P.M.
  • · The filing is made under Regulation 30 of SEBI LODR and sub-clause 16(g) of Clause A of Part A of Schedule III
  • · The filing was dated October 27, 2026, roughly ten months after the meeting it reports as held, indicating a delayed intimation
Premier Limited Insolvency neutral materiality 5/10

27-10-2026

Premier Limited, currently under Corporate Insolvency Resolution Process (CIRP), has filed a post-facto intimation with BSE and NSE regarding its Twenty-First Meeting of the Committee of Creditors (CoC). The meeting, originally scheduled for December 11, 2025 at 11:00 AM, was rescheduled and held on December 12, 2025 at 12:00 PM, concluding at 2:00 PM. The filing is made by the Resolution Professional, Kanak Jani, pursuant to Regulation 30 of SEBI LODR and Clause 16(g) of Part A of Schedule III. No financial figures, resolution outcomes, or voting results are disclosed in the filing.

  • · Original CoC meeting date was Thursday, December 11, 2025 at 11:00 AM, rescheduled to Friday, December 12, 2025 at 12:00 PM
  • · Earlier intimation regarding the CoC meeting was dated October 31, 2025
  • · Filing was made on October 27, 2026, nearly ten months after the meeting was held (post-facto intimation)
  • · Stock identifiers: BSE Scrip Code 500540, NSE Symbol PREMIER, ISIN INE342A01018
  • · Resolution Professional's AFA (Authorisation for Assignment) is valid up to December 31, 2026
Premier Limited Insolvency neutral materiality 4/10

27-10-2026

Premier Limited (In CIRP) has intimated BSE and NSE, under Regulation 30 of the SEBI Listing Regulations, that the Twenty-Second Meeting of its Committee of Creditors (CoC) was held on Friday, April 17, 2026 at 4:30 P.M. The filing is a procedural disclosure from the Resolution Professional, Kanak Jani, under the corporate insolvency resolution process, and it contains no financial figures, performance metrics, or resolution outcomes.

  • · The meeting was held roughly six months before the intimation date, which was delayed until October 27, 2026
  • · The filing is made under Regulation 30 and sub-clause 16(g) of Clause A of Part A of Schedule III of the Listing Regulations
  • · The Resolution Professional's AFA validity runs until December 31, 2026
  • · Company is listed under BSE scrip code 500540 and NSE symbol PREMIER (ISIN INE342A01018)
Premier Limited Insolvency neutral materiality 6/10

27-10-2026

Premier Limited, now in Corporate Insolvency Resolution Process (CIRP), filed a post-facto intimation with BSE and NSE confirming that the Twenty-Second Meeting of its Committee of Creditors was held on April 17, 2026, from 4:30 P.M. to 6:00 P.M. The filing was made on October 27, 2026, pursuant to Regulation 30 and Clause 16(g) of Part A of Schedule III of SEBI LODR, and is submitted by Resolution Professional Kanak Jani.

  • · The preceding intimation of CoC meetings was dated October 31, 2025
  • · The filing was made roughly six months after the CoC meeting it reports on
  • · Scrip Code 500540 (BSE) and NSE Symbol PREMIER, ISIN INE342A01018
Premier Limited Insolvency neutral materiality 6/10

27-10-2026

Premier Limited, now under Corporate Insolvency Resolution Process (CIRP) with Kanak Jani as Resolution Professional, has filed an intimation with BSE and NSE regarding the Twenty-Third Meeting of its Committee of Creditors (CoC), held on July 22, 2026, at 12:30 P.M. The filing was submitted on October 27, 2026, roughly three months after the meeting, and is a procedural disclosure under Regulation 30 of the SEBI Listing Regulations. No financial figures, resolution plan details, or voting outcomes are disclosed in the filing.

  • · Filing made under sub-clause 16(g) of Clause A of Part A of Schedule III of the Listing Regulations, which requires disclosure of CoC meeting outcomes during insolvency
  • · Resolution Professional's registration is valid up to December 31, 2026 (AFA validity), and the company's registered office is in Kharghar, Navi Mumbai
  • · The filing does not state the agenda items or decisions taken at the July 22, 2026 meeting, so the substance of the meeting remains undisclosed in this document
Premier Limited Insolvency neutral materiality 6/10

27-10-2026

Premier Limited, which is under Corporate Insolvency Resolution Process (CIRP), has intimated to BSE and NSE that the Twenty-Third Meeting of its Committee of Creditors (CoC) was held on July 22, 2026, from 12:30 PM to 2:30 PM. This is a post-facto disclosure made under Regulation 30 and Clause 16(g) of Part A of Schedule III of SEBI LODR, following an earlier intimation dated July 21, 2026. The filing contains no financial figures, resolutions, or outcomes of the meeting.

  • · Filing references the Twenty-Third CoC meeting, indicating a high number of CoC meetings held during the CIRP
  • · Scrip Code 500540 (BSE) and NSE symbol PREMIER; ISIN INE342A01018
  • · Resolution Professional's AFA (Authorisation for Assignment) is valid up to December 31, 2026
Premier Limited Insolvency neutral materiality 6/10

27-10-2026

Premier Limited, currently under Corporate Insolvency Resolution Process (CIRP), has filed an intimation with BSE and NSE under Regulation 30 of the SEBI Listing Regulations regarding the Twenty-Fourth Meeting of its Committee of Creditors (CoC). The meeting was held on August 19, 2026, at 4:30 P.M., and the filing was submitted on October 27, 2026, by Resolution Professional Kanak Jani. The filing is a procedural disclosure and contains no financial figures, resolution plan details, or outcomes of the meeting.

  • · Twenty-Fourth CoC meeting held on August 19, 2026, but disclosed approximately two months later on October 27, 2026
  • · Scrip Code 500540 (BSE) and NSE symbol PREMIER; ISIN INE342A01018
  • · Resolution Professional's AFA (Authorisation for Assignment) valid up to December 31, 2026
Premier Limited Insolvency neutral materiality 4/10

27-10-2026

Premier Limited (in CIRP) has filed a post-facto intimation with BSE and NSE confirming that the Twenty-Fourth Meeting of its Committee of Creditors was held on August 19, 2026, from 4:30 PM to 5:30 PM. The filing is made under Regulation 30 and Clause 16(g) of Part A of Schedule III of SEBI LODR, and was signed by Resolution Professional Kanak Jani on October 27, 2026.

  • · Filing is a post-facto intimation; the CoC meeting was preceded by an earlier intimation dated July 21, 2026
  • · Meeting was the Twenty-Fourth CoC meeting held during the CIRP
  • · Resolution Professional's IP registration is valid until 31/12/2026 (AFA validity)
  • · Scrip code BSE 500540 and NSE symbol PREMIER, ISIN INE342A01018
Premier Limited Insolvency neutral materiality 4/10

27-10-2026

Premier Limited, which is under Corporate Insolvency Resolution Process (CIRP), has intimated the stock exchanges that the Twenty-Fifth Meeting of its Committee of Creditors (CoC) was held on October 15, 2026 at 5:00 PM. The filing is a procedural Regulation 30 disclosure made by Resolution Professional Kanak Jani and contains no financial figures, resolutions, or outcomes of the meeting.

  • · The Twenty-Fifth CoC meeting was held on Thursday, October 15, 2026, at 5:00 PM.
  • · The disclosure was made under Regulation 30 of SEBI LODR and sub-clause 16(g) of Clause A of Part A of Schedule III.
  • · Filing references BSE scrip code 500540 and NSE symbol PREMIER; ISIN INE342A01018.
Premier Limited Insolvency neutral materiality 5/10

27-10-2026

Premier Limited, currently under Corporate Insolvency Resolution Process (CIRP), has intimated stock exchanges that the Twenty-Fifth Meeting of its Committee of Creditors was held on October 15, 2026, from 5:00 P.M. to 6:30 P.M. The filing is a post-facto disclosure under Regulation 30 and Clause 16(g) of Part A of Schedule III of SEBI LODR, submitted by Resolution Professional Kanak Jani. The filing does not disclose any resolution outcomes, financial figures, or specific decisions taken at the meeting.

  • · Earlier intimation of the CoC meeting was dated July 21, 2026
  • · Company identifiers: BSE Scrip Code 500540, NSE Symbol PREMIER, ISIN INE342A01018
  • · Resolution Professional's AFA (Authorisation for Assignment) is valid up to December 31, 2026
Share India Securities Limited Insolvency neutral materiality 4/10

27-10-2026

Share India Securities Limited has received a certified copy of a rectification order from the NCLT Ahmedabad Bench dated October 12, 2026, correcting the Appointed Date of the Scheme of Amalgamation with its subsidiary-to-be Silverleaf Capital Services Private Limited from 01.10.2023 to 01.04.2026. The Regional Director of the MCA raised no objection to the change, and the Scheme becomes effective upon filing of the sanction order with the Registrar of Companies, Ahmedabad. The filing contains no monetary amounts or quantitative financial results.

  • · The NCLT rectification order was dated October 12, 2026 and was received by the company on October 27, 2026 at around 1:06 p.m.
  • · The Board of both companies approved the Appointed Date change via resolutions dated June 24, 2026, and the revised Scheme was placed on record via a reply affidavit dated July 20, 2026.
  • · The Regional Director's reply dated October 7, 2026 stated no objection to the rectification, and the Official Liquidator had also raised a query on the original Appointed Date.
  • · The original sanction order dated August 20, 2026 is corrected to read the Appointed Date as 01.04.2026, and the revised Scheme is the one sanctioned.
  • · The Registry must send the order to the Regional Director, Registrar of Companies, BSE and NSE within seven days.
POCL ENTERPRISES LTD Corporate Governance neutral materiality 5/10

27-10-2026

POCL Enterprises Limited has filed a Regulation 30 intimation with BSE attaching a public notice of NCLT-convened meetings of its equity shareholders and unsecured creditors on November 27, 2026, to consider the proposed Scheme of Amalgamation with Planetfirst Green Private Limited, with VC/OAVM attendance and e-voting facilities. The filing is procedural, and the notice states that the scheme notice and related documents were sent to 116 equity shareholders by email and to others by speed post or courier.

  • · NCLT Chennai Bench order dated October 13, 2026 directed the meetings
  • · Equity shareholder and unsecured creditor meetings scheduled for November 27, 2026, at 10:30 AM and 12:30 PM respectively
  • · Public notice published October 26, 2026 in Trinity Mirror (English) and Makkal Kural (Tamil)
EFC (I) Limited Insolvency neutral materiality 6/10

27-10-2026

EFC (I) Limited disclosed under Regulation 30 of SEBI (LODR) Regulations that the Hon'ble NCLT Mumbai Bench, by order dated October 22, 2026, admitted the company petition (C.P.(CAA)/161(MB) 2026) for a Scheme of Arrangement (Demerger) between EFC Limited (wholly owned subsidiary, demerged company) and EFC (I) Limited (resulting company) under Sections 230-232 of the Companies Act, 2013, and fixed November 27, 2026 for final hearing. The Scheme remains subject to applicable regulatory and other approvals, and no financial terms are disclosed in this filing.

  • · NCLT order dated October 22, 2026 uploaded to the NCLT website around 5:00 PM IST on October 27, 2026
  • · Petitioners must issue Form CAA.3 notices to statutory authorities (Central Government, RBI, SEBI, CCI, stock exchanges, Registrar, income-tax authorities, among others), with 30 days allowed for representations
  • · Hearing notice to be published at least 10 days before the hearing in Financial Express (English) and Navshakti (vernacular)
  • · Scheme and notices to be hosted on the company's website

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