Setubandhan Infra Misses FY26 Audited Results Deadline
Setubandhan Infrastructure Ltd. has announced its inability to submit audited financial results (standalone & consolidated) for the quarter and year ended March 31, 2026, due to the ongoing Corporate Insolvency Resolution Process (CIRP). The Resolution Professional (RP) cites the non-availability of financial records and data from the suspended management, promoters, and erstwhile key managerial personnel as the primary reason. An appeal against the rejection of a previously approved resolution plan is pending before the NCLAT.
Key Highlights
- Setubandhan Infra unable to submit FY26 audited results due to CIRP.
- RP cites lack of access to financial records from previous management.
- Resolution plan rejected by NCLT; appeal pending before NCLAT.
- The powers of the Board of Directors are suspended and exercised by the RP.
- RP intends to publish audited results once records are available and audited.
Price Impact
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