Baron Infotech Explains Delay in Financial Results Submission

Baron Infotech Limited has provided reasons for the delay in submitting its financial results for the period ended March 31, 2026. The company is currently undergoing Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code, 2016. The delay is attributed to practical difficulties arising from judicial orders, including the replacement of the Resolution Professional in December 2023. Data collection, verification, and reconciliation for the financial statements are ongoing. The company emphasizes that the delay is not willful but a consequence of circumstances beyond its control due to judicial intervention. The Resolution Professional is taking expeditious steps to finalize and submit the financials, pending approval of the resolution plan by the NCLT Hyderabad Bench.