Opto Circuits: Waterfall Insolvency Appointed New Resolution Professional
Opto Circuits (India) Ltd has informed the stock exchanges about the replacement of its Resolution Professional (RP). The Committee of Creditors (CoC), holding 78.62% voting share, resolved at its 39th meeting on July 14, 2026, to replace Mr. Pankaj Srivastava with M/s. Waterfall Insolvency Professional Private Limited. This new entity is represented by its Designated Director, Ms. Shirley Mathew. The National Company Law Tribunal (NCLT), Bengaluru Bench, approved this appointment via an order dated August 31, 2026, in I.A. (IBC) No. 788/2026 in C.P. (IB) No. 199/BB/2018. This change is in compliance with SEBI Listing Regulations and pertains to the ongoing Corporate Insolvency Resolution Process (CIRP) initiated in November 2022.
Key Highlights
- New Resolution Professional appointed for Opto Circuits.
- Waterfall Insolvency Professional Private Limited is the new RP.
- Ms. Shirley Mathew represents the new insolvency firm.
- NCLT Bengaluru approved the appointment on August 31, 2026.
- Committee of Creditors approved the replacement with 78.62% vote.
Price Impact
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