AGM/EGM22 Oct 2026, 01:03 pm
RCom seeks extension for FY26 AGM due to insolvency process
AI Summary
Reliance Communications Ltd (RCOM), currently undergoing Corporate Insolvency Resolution Process (CIRP) under the IBC, has informed the stock exchanges about the need for an extension to convene its Annual General Meeting (AGM) for the Financial Year 2025-26. The company cited prolonged CIRP, severe financial and operational constraints, and technical/procedural difficulties as reasons for requiring additional time. RCOM has filed Form GNL-2 and is preparing to make a formal application to the relevant authorities, including seeking directions from the Hon'ble NCLT, to obtain the necessary extension.
Key Highlights
- RCOM requires extension for FY26 AGM due to ongoing insolvency.
- Company cites prolonged CIRP and operational constraints.
- Steps are being taken to seek formal extension from authorities.
- NCLT directions may be sought for convening the AGM.
Price Impact
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