StockWatch
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Other Construction Materials
AGM/EGM6 Oct 2026, 06:00 pm

Sun Granite Export Ltd seeks 3-month AGM extension due to CIRP

AI Summary

Sun Granite Export Ltd has applied to the Registrar of Companies (ROC), Cuttack, for a three-month extension to hold its Annual General Meeting (AGM) for the financial year ended March 31, 2026. The company is currently undergoing Corporate Insolvency Resolution Process (CIRP) since August 5, 2026. The appointment of an Interim Resolution Professional (IRP) and subsequently a Resolution Professional (RP) has suspended the powers of the Board of Directors. The RP is in the process of taking control of company records and reconciling financial information, which has caused practical difficulties in finalizing financial statements and completing statutory compliances within the prescribed AGM timeline. The extension sought is up to December 31, 2026.

Key Highlights

  • Company applied for a 3-month AGM extension.
  • Extension is due to ongoing Corporate Insolvency Resolution Process (CIRP).
  • Board powers suspended; RP managing company affairs.
  • Difficulty in finalizing financial statements cited as reason.
  • AGM extension sought until December 31, 2026.