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India NCLT Insolvency Resolution Filings — June 15, 2026

India Corporate Insolvency & NCLT

By Gunpowder Editorial ·

10 high priority 2 medium priority 12 total filings analysed

Executive Summary

The June 15, 2026, India Corporate Insolvency & NCLT digest reveals a deeply bifurcated recovery landscape. While large, complicated resolution processes like Quadrant Televentures and fund-recovery related proceedings (Reliance Home Finance, McNally Bharat) face significant procedural delays and legal friction, a parallel stream of 'scheme-driven restructuring' (Navneet Education, Asian Energy Services) is successfully concluding via NCLT-convened shareholder meetings.

A clear theme emerging is the judiciary's pragmatic yet firm approach: extending timelines within the 330-day limit for viable plan evaluations (Quadrant), while compelling strict adherence to resolution plan terms (McNally Bharat). Notably, no insider trading activity was reported, and period-over-period financial comparisons were absent, as these filings are predominantly event-driven or procedural. The most material non-IBC development—the Adani-Jabil AI infrastructure alliance—signals powerful synergies with the 'Make in India' data center push, a sector bolstered by recent tax holidays, though it sits at the edge of a pure insolvency lens. For risk-focused investors, the BGR Energy NCLAT hearing on June 23 is a critical binary event, while the low public shareholder turnout in the Asian Energy merger raises governance caution flags.

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

Filing types in this digest: Insolvency · Company update · Board meeting

Tracking the trend? Catch up on the prior India NCLT Insolvency Resolution Filings digest from June 14, 2026.

Investment Signals (8)

  • Quadrant Televentures ↓ (BULLISH)
    ▲

    CIRP extension granted to July 29, 2026, for evaluating 4 resolution plans from GVN Fuels, Fastway Transmissions, Cyfuture, and Areion Assets. Eligibility criteria were significantly relaxed (EMD from ₹20 Cr to ₹1 Cr, net worth from ₹100 Cr to ₹50 Cr), broadening the bidder pool and increasing the probability of a successful resolution.

  • Adani Enterprises ↓ (BULLISH)
    ▲

    Strategic alliance with Jabil Inc. to build a GW-scale AI data center hardware manufacturing platform. The Union Budget 2026 tax holiday for data centers until 2047 provides a massive tailwind, improving the project's long-term NPV. This positions Adani to capture part of a $3 trillion global market.

  • Bharti Airtel (Airtel Africa consolidation) (BULLISH)
    ▲

    Shareholder approval of a cashless share-swap to consolidate its stake in Airtel Africa to ~79% was received with 99.9875% of votes in favor. The cashless nature avoids leverage and signals strong promoter and institutional confidence.

  • Asian Energy Services ↓ (MIXED)
    ▲

    Shareholders approved the merger of Oilmax Energy with 99.9999% of votes polled in favor. This expands AESL’s operational scale in the energy services sector, potentially improving margins through synergies. However, the low public approval turnout (15.68%) is a tempering factor.

  • Navneet Education ↓ (BULLISH)
    ▲

    The Composite Scheme of Arrangement with Indiannica Learning was approved by the requisite majority at an NCLT-convened meeting. This restructuring could unlock value by streamlining the education business, though the full economic impact depends on the final share exchange ratio.

  • McNally Bharat Engineering ↓
    ▲

    Despite the negative NCLT dismissal, the order compels banks to remove NPA status and provide NOC within a week. A clean NPA status could eventually restore access to working capital and improve credibility with counterparties. [BEARISH near-term, BULLISH catalyst]

  • Apollo Hospitals (Apollo Healthtech demerger) (NEUTRAL)
    ▲

    The proposed demerger to unlock value features a complex 'Upside Agreement' funded by investor Rasmeli, capped at 9% of upside and contingent on a 4x MOIC. This structure could align long-term interests but introduces litigation risk.

  • Infosys Board Meeting (NEUTRAL)
    ▲

    Scheduled for July 22-23, 2026, to approve Q1 results. The trading window is closed from June 16 to July 27. Investors should watch for management commentary on Q1 billing trends, attrition, and AI deal pipeline.

Risk Flags (8)

  • BGR Energy Systems / NCLAT Hearing↓ [HIGH RISK]
    ▼

    The CIRP admission was stayed, but the NCLAT Chennai Bench has only adjourned the hearing to June 23, 2026. A failure to maintain the stay could trigger immediate creditor actions and a sharp stock price correction.

  • McNally Bharat Engineering / NCLT Dismissal↓ [HIGH RISK]
    ▼

    The NCLT dismissed the company's application and directed the SRA to strictly comply with resolution plan Clause 5.5.2.2. This is a clear setback that could derail the resolution plan if compliance is not met, creating legal uncertainty.

  • Reliance Home Finance / Slow CIRP↓ [MEDIUM RISK]
    ▼

    The 11th CoC meeting is being held on June 15, 2026, nine months after CIRP initiation on Sep 20, 2025. This suggests a protracted resolution process with no clear exit in sight, typical for stressed financial sector assets.

  • Shivom Investment & Consultancy / Delayed Compliances↓ [MEDIUM RISK]
    ▼

    The company is presenting FY2023-24 financials at the July 7, 2026 AGM, a two-year delay, alongside current (FY25-26) statements. This historical gap creates an information void and raises questions about the accuracy of post-CIRP financial positioning.

  • Asian Energy Services / Low Public Shareholder Turnout↓ [MEDIUM RISK]
    ▼

    Only 15.68% of eligible public non-institutional shares were voted on the merger, suggesting retail apathy or lack of awareness. This could signal dissatisfaction with the deal terms or merger ratio, potentially leading to post-merger sell-offs or litigation.

  • Apollo Hospitals / Governance Complexity↓ [MEDIUM RISK]
    ▼

    The Apollo Healthtech scheme features complex 'Upside Agreement' structures and promoter nomination rights that fall away only below a 10% threshold. This has already drawn market scrutiny and could face legal challenges or delays at NCLT.

  • Adani Enterprises / Execution Risk↓ [MEDIUM RISK]
    ▼

    The AI hardware manufacturing alliance with Jabil carries significant execution risk on building multi-GW capacity in India, reliant on global AI demand, supply chain stability, and timely regulatory clearances.

  • Quadrant Televentures / Dilution of interest↓ [LOW RISK]
    ▼

    The drastic reduction in EMD (20x) and net worth requirements (2x) could attract financially weaker bidders with lower commitment to a successful turnaround, increasing the risk of a future CIRP failure.

Opportunities (8)

  • Quadrant Televentures / Resolution Plan Evaluation↓ (OPPORTUNITY)
    ◆

    Four specific resolution plans (GVN Fuels, Fastway Transmissions, Cyfuture, Areion Assets) are under evaluation. A timely selection of a strong resolution plan by July 29 could see a massive recovery for creditors and equity value.

  • Bharti Airtel / Airtel Africa Upside↓ (OPPORTUNITY)
    ◆

    The increased effective stake to ~79% via a cashless swap provides direct exposure to Airtel Africa's earnings and future growth in the profitable African telecom market without leveraging the parent's balance sheet.

  • Adani Enterprises / Jabil Alliance↓ (OPPORTUNITY)
    ◆

    This positions Adani to be a major global player in the AI hardware supply chain. The long-term opportunity (USD 3 trillion over 7 years) combined with the Budget 2026 tax holiday creates a powerful multi-year earnings catalyst.

  • McNally Bharat / NPA Clean-up Catalyst↓ (OPPORTUNITY)
    ◆

    The NCLT order forces banks to remove NPA status within one week. Once accomplished, this clean-up could unlock working capital lines, improve business sentiment, and potentially re-rate the stock if the resolution plan is implemented.

  • BGR Energy Systems / Stay Outcome Play↓ (OPPORTUNITY)
    ◆

    If the NCLAT hearing on June 23 results in a dismissal of the CIRP admission, the stock could see a significant relief rally. This is a high-risk/high-return binary opportunity for event-driven traders.

  • Navneet Education / Indiannica Restructuring↓ (OPPORTUNITY)
    ◆

    The approved scheme could unlock hidden value in the education business (Indiannica Learning) and improve corporate focus. Watch for the final share exchange ratio to determine NPV of the deal for shareholders.

  • Infosys / Q1 FY26 Results Catalyst↓ (OPPORTUNITY)
    ◆

    With a trading window closure and impending results (July 23), the stock could see buildup of a positive event-driven rally if the Q1 results beat expectations, particularly on deal wins and large client momentum.

  • Asian Energy Services / Oilmax Merger Synergies↓ (OPPORTUNITY)
    ◆

    The approved merger opens two-year cost and revenue synergy potential in the energy services vertical, a sector seeing increased capex in India.

Sector Themes (5)

  • Judicial Pragmatism on CIRP Timelines
    ◆

    The NCLT/NCLAT is demonstrating a pragmatic approach by granting a 60-day extension to Quadrant Televentures (up to 330 days, within the statutory limit) to allow evaluation of multiple resolution plans. This suggests no premium on arbitrary closure, favoring value maximization over speed. [IMPLICATION: Likely more extensions for viable, complex cases]

  • Rise of Non-IBC Financial Restructuring
    ◆

    The Adani and Apollo transactions highlight that complex corporate restructurings (M&A, demergers, strategic alliances) are being pursued outside of formal IBC proceedings. This indicates a healthy corporate environment where companies can resolve stress or unlock value pre-insolvency. [IMPLICATION: Investors should monitor parallel corporate actions across balance sheets]

  • Creditor Discipline Enforced by NCLT
    ◆

    The McNally Bharat order unequivocally directs banks to remove NPA status within a week and the SRA to comply with resolution plan terms. The NCLT is asserting its role in enforcing resolution plan sanctity, reducing the risk of deal slippage. [IMPLICATION: Higher certainty of plan implementation once approved]

  • Delayed Compliance as a Recurring Theme
    ◆

    Post-CIRP, companies like Shivom Investment are presenting financial statements with a 2-year lag. This creates significant information asymmetry and makes it difficult to assess the financial health of newly restructured entities. [IMPLICATION: Higher due diligence burden for investors in post-CIRP names]

  • Infrastructure Alliances as Growth Catalysts
    ◆

    The Adani-Jabil AI manufacturing alliance, though not a pure insolvency event, reflects a larger theme where companies are leveraging India's infrastructure to create new global-scale assets. This can drive significant long-term value for infrastructure-heavy conglomerates. [IMPLICATION: Look for similar 'platform creation' announcements from other large groups]

Watch List (10)

  • BGR Energy Systems↓
    👁

    NCLAT hearing on June 23, 2026. Outcome will determine if the CIRP stay is lifted, thus triggering insolvency, or if the appeal succeeds, offering a chance for revival.

  • Quadrant Televentures↓
    👁

    CIRP deadline extended to July 29, 2026. Watch for announcements regarding the selection of a resolution plan from the four bidders (GVN Fuels, Fastway Transmissions, Cyfuture, Areion Assets).

  • Reliance Home Finance↓
    👁

    11th CoC meeting on June 15, 2026. Monitor post-meeting updates for progress on a resolution plan for this stressed financial entity.

  • McNally Bharat Engineering↓
    👁

    NCLT order directing banks to declassify NPA status within a week. Watch for compliance by banks and any subsequent improvement in company operations.

  • Infosys↓
    👁

    Q1 FY26 board meeting on July 22-23, 2026, with an analyst call on July 23. Key to watch for management guidance on IT demand and AI deal pipeline.

  • Apollo Hospitals / Apollo Healthtech Demerger↓
    👁

    Watch for shareholder meetings and NCLT filings on the proposed demerger scheme. The governance structure and 'Upside Agreement' are points of market scrutiny.

  • Asian Energy Services / Oilmax Merger↓
    👁

    Post-merger integration updates from management will be key to watch for synergy realization timelines and combined revenue/billing growth.

  • Shivom Investment & Consultancy↓
    👁

    34th AGM on July 7, 2026, to approve FY23-24 financials. Any revelations in the delayed accounts could be a major price mover.

  • Bharti Airtel↓
    👁

    Monitor the execution of the preferential allotment of shares to Indian Continent Investment Limited for the swap. Also watch for any regulatory approvals in Africa.

  • Adani Enterprises↓
    👁

    Watch for joint venture/joint venture announcements with Jabil regarding the specific project locations and investment timelines for the AI facility.

Filing Analyses (12)
Navneet Education Limited Insolvency neutral materiality 5/10

15-06-2026

Navneet Education Limited held an NCLT-convened meeting of equity shareholders on June 15, 2026, where the proposed Composite Scheme of Arrangement between Indiannica Learning Private Limited and the Company was approved with the requisite majority. The meeting was conducted via video conferencing as per the NCLT Mumbai Bench order dated April 24, 2026. The voting results and scrutinizer's report will be disclosed separately to the stock exchanges.

  • · The meeting was held on Monday, June 15, 2026 at 11:00 AM IST through video conferencing/other audio-visual means.
  • · The NCLT order was dated April 24, 2026 in CA(CAA)/26/MB/2026.
  • · The scheme was approved under Section 230(6) of the Companies Act, 2013 with majority of equity shareholders and three-fourths in value of those who cast votes.
  • · Voting was conducted through remote e-voting and e-voting at the meeting.
  • · The company's CIN is L22200MH1984PLC034055.
Quadrant Televentures Limited Insolvency neutral materiality 8/10

15-06-2026

Quadrant Televentures Limited, under CIRP, received NCLT approval for a 60-day extension of the CIRP period from May 31, 2026 to July 29, 2026. The extension was sought to evaluate four resolution plans received from GVN Fuels Limited, Fastway Transmissions Pvt. Ltd., Cyfuture India Pvt. Ltd., and Areion Assets Management Pvt. Ltd. The CIRP timeline now extends to 330 days, still within the statutory limit.

  • · The CIRP was initiated on September 2, 2025, upon admission of a Section 7 petition by IDBI Trusteeship Services Limited.
  • · The CoC replaced the erstwhile RP with Rajesh Jhunjhunwala on January 12, 2026.
  • · Eligibility criteria were relaxed: EMD reduced from ₹20 Cr to ₹1 Cr (with EOI) and ₹10 Cr (with plan); net worth reduced from ₹100 Cr to ₹50 Cr for individuals/partnerships/companies.
  • · Four resolution plans were received from the named PRAs.
  • · The extension is the second one, and the total CIRP period will be 330 days, within the 330-day outer limit.
Adani Enterprises Limited Company Update positive materiality 8/10

15-06-2026

Adani Enterprises and Jabil Inc. announced an intent to form a strategic alliance to build a GW-scale AI data center infrastructure manufacturing platform in India. The platform will manufacture AI racks, servers, storage, networking, and power/thermal management systems, targeting a global market opportunity exceeding USD 3 trillion over seven years. The alliance aims to position India as a premier hub for AI hardware export, leveraging Adani's infrastructure and green energy portfolio with Jabil's manufacturing expertise.

  • · The alliance will deploy multi-GW of high-density AI Rack manufacturing capacity in India.
  • · Jabil acquired Hanley Energy Group and Mikros Technologies to enhance power management and thermal solutions.
  • · The Union Budget 2026 provides a tax holiday for data centers until 2047, boosting export competitiveness.
  • · Adani Group has a USD 100 billion commitment to develop 5 GW of green-energy-powered hyperscale AI-ready data centers by 2035.
  • · Jabil recorded USD 29.8 billion in revenue for fiscal year 2025.
BGR Energy Systems Limited Insolvency negative materiality 9/10

15-06-2026

BGR Energy Systems Limited has provided an update on its insolvency proceedings, reporting that the matter before the Hon'ble NCLAT, Chennai Bench, was adjourned on June 15, 2026, and is now listed for further hearing on June 23, 2026. The company had previously informed that the Hon'ble NCLT, Amaravati Bench, admitted the Corporate Insolvency Resolution Process (CIRP) on April 17, 2026, and that a stay order was granted by the NCLAT on April 30, 2026. The company has not yet received the copy of the adjourned order and will continue to monitor proceedings and make further disclosures as material developments occur.

  • · The CIRP was admitted by the Hon'ble NCLT, Amaravati Bench, on April 17, 2026.
  • · A stay order was passed by the Hon'ble NCLAT, Chennai Bench, on April 30, 2026.
  • · The matter was adjourned on June 15, 2026, and the next hearing is scheduled for June 23, 2026.
  • · The company has not yet received the copy of the adjourned order.
Asian Energy Services Limited Insolvency mixed materiality 7/10

15-06-2026

Equity shareholders of Asian Energy Services Limited (CIN: L23200MH1992PLC318353) approved a Scheme of Merger by Absorption of Oilmax Energy Private Limited into AESL at an NCLT-convened meeting held on 12th June, 2026 (held via VC/OAVM). Voting turnout was 66.5829% of total shares, with the resolution approved overwhelmingly — 29,927,883 votes (99.9999% of votes polled) in favour and 15 votes (0.0001% of votes polled) against; however, public non-institutional participation was low (only 15.6781% of that category’s shares polled).

  • · Notice cut-off date for eligibility to vote: 1st May, 2026.
  • · Remote e-voting period: commenced on Tuesday, June 9, 2026 at 09:00 A.M. (IST) and ended on Thursday, June 11, 2026 at 05:00 P.M. (IST).
  • · Cut-off date to determine eligible voters for remote e-voting: Friday, June 05, 2026.
  • · E-voting during the meeting (for those who had not voted remotely) was provided and votes were unblocked and counted post-meeting in presence of two witnesses (Miss Vidhi Thakkar and Ms. Nehal Jain).
  • · Promoter & Promoter Group polled 27,299,857 shares (100.0000% of their shares) all in favour.
  • · Public - Institutions polled 13,254 shares (1.3657% of that category's holdings) all in favour.
  • · Public - Non Institutions polled 2,614,787 shares (15.6781% of that category's holdings) with 2,614,772 in favour and 15 against (99.9994% in favour, 0.0006% against).
  • · The consolidated votes in favour totalled 29,927,883 shares (99.9999% of votes polled) and votes against totalled 15 shares (0.0001% of votes polled).
  • · Resolution classified as Special and Promoter/Promoter group were not interested in the agenda.
Bharti Airtel Limited Company Update positive materiality 8/10

15-06-2026

Bharti Airtel shareholders overwhelmingly approved a cashless share-swap transaction to consolidate its stake in Airtel Africa plc. The company will issue equity shares on a preferential basis to promoter group entity Indian Continent Investment Limited in exchange for its 16.31% stake in Airtel Africa, increasing Bharti Airtel's effective stake to approximately 79%. The proposal received nearly 100% approval from shareholders, with 99.9875% of votes cast in favor and only 0.0125% against, reflecting strong investor confidence in the strategic rationale and governance of the deal.

  • · The transaction is a cashless share-swap, meaning no incremental leverage or cash outflow for Bharti Airtel.
  • · The resolution was passed as a Special Resolution with promoter/promoter group being interested in the agenda.
  • · Total votes polled were 5,644,871,964 out of 6,093,559,980 total votes, representing a 92.64% turnout.
  • · Public institutional investors voted 99.9732% in favor, while public non-institutional investors voted 99.9784% in favor.
  • · The company had 970,485 shareholders on record date June 5, 2026.
  • · Airtel serves over 650 million customers across 15 countries in India and Africa, with presence also in Bangladesh and Sri Lanka through associates.
  • · The company is ranked second among mobile operators globally and its networks cover over two billion people.
Infosys Limited Board Meeting neutral materiality 3/10

15-06-2026

Infosys Limited announced that its Board of Directors will meet on July 22-23, 2026 to approve audited consolidated and standalone financial results for the quarter ending June 30, 2026. The trading window will close from June 16, 2026 to July 27, 2026, and an investor/analyst call will be held on July 23, 2026. No financial figures or performance data are provided in this filing.

  • · Board meeting scheduled for July 22-23, 2026.
  • · Trading window closure: June 16, 2026 to July 27, 2026.
  • · Investor/analyst call on July 23, 2026 to discuss results and business outlook.
Bharti Airtel Limited Agm/Egm positive materiality 9/10

15-06-2026

Bharti Airtel shareholders overwhelmingly approved a cashless share-swap transaction to consolidate its stake in Airtel Africa plc. The company will issue equity shares on a preferential basis to promoter group entity Indian Continent Investment Limited in exchange for its 16.31% stake in Airtel Africa, increasing Bharti Airtel’s effective stake to approximately 79%. The proposal received nearly 100% shareholder approval (99.9875% in favour), reflecting strong investor confidence in the strategic, governance-led move.

  • · The resolution was a special resolution requiring 75% majority; it received 99.9875% in favour.
  • · Promoter group voted 100% in favour (2,978,329,531 votes).
  • · Public institutions voted 99.9732% in favour (2,541,220,287 votes).
  • · Public non-institutions voted 99.9784% in favour (124,614,656 votes).
  • · Total votes polled: 5,644,871,964 out of 6,093,559,980 outstanding votes (92.64% turnout).
  • · The transaction is structured as a cashless share-swap, requiring no incremental leverage or cash outflow.
  • · Bharti Airtel has over 650 million customers in 15 countries across India and Africa.
  • · The company is ranked second amongst mobile operators globally.
Shivom Investment & Consultancy Ltd Insolvency mixed materiality 6/10

15-06-2026

Shivom Investment & Consultancy Ltd has issued the notice for its 34th Annual General Meeting to be held on July 7, 2026, to adopt the audited financial statements for FY2023-24. The company was admitted into Corporate Insolvency Resolution Process (CIRP) on August 18, 2025, with a resolution plan approved the same date, leading to a reconstituted board post-CIRP. The filing is aimed at regularizing backlogged statutory compliances; the financial statements for FY2023-24 are being presented late due to operational disruptions during the CIRP.

  • · The CIRP order and resolution plan approval both occurred on August 18, 2025.
  • · The new board of directors was appointed post-CIRP and was not present during FY2023-24.
  • · The financial statements for FY2023-24 are being placed alongside current year (FY2025-26) statements for adoption.
  • · Remote e-voting will be open from July 4, 2026 (9:00 AM IST) to July 6, 2026 (5:00 PM IST), with cut-off date (record date) of June 29, 2026.
  • · The company provides details for shareholders to vote via CDSL/NSDL e-voting systems with a single login credential.
McNally Bharat Engineering Company Ltd Insolvency negative materiality 8/10

15-06-2026

McNally Bharat Engineering Company Ltd disclosed that the Hon'ble NCLT, vide order dated 10th June 2026, dismissed and disposed of the company's application under Section 60(5) of the IBC, directing the Applicant/SRA to mandatorily comply with Clause 5.5.2.2 of the Resolution Plan forthwith and the Respondent Banks to remove NPA status and provide NOC within a week. The order represents a setback for the company's attempt to seek relief through the NCLT, but also imposes a timeline on banks to declassify the company's NPA status.

  • · NCLT order dated 10th June 2026 dismissed and disposed of the company's application under Section 60(5) of the IBC read with Rule 11 of NCLT Rules, 2016.
  • · The order directs the Applicant/SRA to mandatorily comply with Clause 5.5.2.2 of the Resolution Plan forthwith.
  • · Respondent Banks are directed to remove NPA status and provide NOC to the Applicant within a week of the order.
  • · Certified copy of the order has been applied for.
  • · Filing made under Regulation 30 of SEBI Listing Regulations.
Apollo Hospitals Enterprise Limited Company Update neutral materiality 6/10

15-06-2026

Apollo Hospitals Enterprise Limited provided additional information on its proposed composite scheme of arrangement to demerge and list Apollo Healthtech Limited. The filing clarifies governance details, including board composition with six independent directors, nomination rights with a fall-away threshold at 10% shareholding for promoters and Rasmeli, and the appointment of Ms. Shobana Kamineni as Executive Chairperson subject to shareholder approval. The Upside Agreement, funded entirely by investor Rasmeli and capped at 9% of upside contingent on achieving at least 4x MOIC, requires separate approval from public shareholders of Apollo Healthtech post-listing. The scheme aims to unlock value but involves complex governance structures that have drawn scrutiny.

  • · The board of Apollo Healthtech will comprise half independent directors (6 out of 12).
  • · Board nomination rights for Rasmeli and promoter group will fall away when their respective shareholding drops below 10%.
  • · The Upside Agreement is investor-funded, not from Apollo Healthtech, and is capped at 9% of upside contingent on achieving at least 4x MOIC.
  • · Shareholder approval of Apollo Healthtech (including separate public shareholder vote) will be sought post-listing for the Upside Agreement.
  • · A Lead Independent Director will be appointed to serve as an independent counterbalance.
Reliance Home Finance Limited Insolvency negative materiality 6/10

15-06-2026

Reliance Home Finance Limited (RHFL), currently under Corporate Insolvency Resolution Process (CIRP), has announced the 11th Meeting of the Committee of Creditors (CoC) to be held on June 15, 2026, via video conferencing. The meeting is being convened by the Resolution Professional, Umesh Balaram Sonkar, as part of the ongoing insolvency proceedings. No financial results or operational updates are provided in this filing.

  • · The CIRP was initiated on September 20, 2025.
  • · The 11th CoC meeting is scheduled for June 15, 2026 at 3:00 PM IST via video conferencing.
  • · The Resolution Professional is registered with IBBI under registration number IBBI/IPA-001/IP-P-02619/2021-2022/14043.
  • · The company's BSE scrip code is 540709 and NSE symbol is RHFL.

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