BARON INFOTECH LTD.

Baron Infotech Limited (under CIRP) has filed an intimation regarding appeals filed by Mr. Vivek Kumar Ratakonda and an I.A. filed by M/s. Innopark (India) Private Limited. Two appeals by Mr. Ratakonda (Comp App (AT) (CH) (Ins) No. 577/2026 and 579/2026) were heard along with his prior appeal (Comp App (AT) (CH) (Ins) No. 516/2026) by the Hon'ble NCLAT, Chennai Bench on November 3, 2026. M/s. Innopark (India) Private Limited also filed an I.A. in Comp App (AT) (CH) (Ins) No. 516/2026. Further hearings are scheduled for November 5, 2026 (Resolution Professional submissions and Innopark's submissions) and November 6, 2026 (appellant's submissions).

Baron Infotech Limited held its 4th Monitoring Committee meeting on October 22, 2026. The committee reviewed and approved various statutory and compliance matters related to SEBI LODR Regulations. Additionally, deliberations took place concerning interim orders from the Hon'ble NCLAT, Chennai Bench, dated October 1, 2026, pertaining to an appeal filed by an unsuccessful Resolution Applicant. The meeting was conducted on a post-facto basis in compliance with SEBI regulations.

Baron Infotech Limited has announced that its 4th Monitoring Committee meeting is scheduled for Thursday, October 22, 2026, at 5 pm. The meeting will primarily discuss interim orders from the Hon'ble NCLAT, Chennai Bench, dated October 1, 2026, related to the company's Corporate Insolvency Resolution Process (CIRP). Other administrative, operational, and statutory matters will also be on the agenda. This meeting is a continuation of previous disclosures regarding the CIRP.

Baron Infotech Ltd has filed an update regarding the status quo order pronounced by the Hon'ble NCLAT, Chennai Bench on October 1, 2026. This order pertains to Company Appeal (AT) (CH) (Ins) No. 516/2026, filed by a resolution plan proponent challenging the approval of another resolution plan by the Adjudicating Authority. The appeal details the Corporate Insolvency Resolution Process (CIRP) of Baron Infotech Ltd, where the appellant's plan was initially ranked H1. However, the Committee of Creditors (CoC) decided to implement a challenge mechanism to potentially improve resolution plans. The appellant was then asked to revise their plan within seven days.

Baron Infotech Ltd has announced the withdrawal of its previously fixed Record Date of October 6, 2026. This decision follows an oral order from the Hon'ble National Company Law Appellate Tribunal (NCLAT), Chennai Bench, on October 1, 2026, directing the maintenance of status quo. The company had initially set the Record Date on September 23, 2026. The withdrawal is effective immediately and will remain in place until further notice from the NCLAT. A revised Record Date will be communicated to the stock exchange once the necessary directions are received and regulatory formalities are completed.

Baron Infotech Limited has announced the 3rd meeting of its Monitoring Committee, scheduled for Tuesday, October 6, 2026, at 5 pm. The meeting will primarily discuss the interim orders from the Hon'ble NCLAT, Chennai Bench, dated October 1, 2026, concerning the Corporate Insolvency Resolution Process (CIRP). The committee will also address other administrative, operational, and statutory matters, including further actions to be taken in light of the NCLAT's interim orders. This meeting is a continuation of previous disclosures regarding Baron Infotech's CIRP.

Baron Infotech Limited has announced a continuation of its Corporate Insolvency Resolution Process (CIRP) disclosures. Following the Hon'ble NCLT, Hyderabad Bench's approval of Innopark India Pvt Ltd's Resolution Plan on September 8, 2026, an unsuccessful Resolution Applicant, Mr. Vivek Kumar Ratakonda, filed an appeal with the Hon'ble NCLAT, Chennai Bench. The NCLAT heard the submissions on October 1, 2026, and orally ordered a status quo as of that date. Further hearings for the Resolution Professional, Committee of Creditors, and Successful Resolution Applicant are scheduled from November 3 to November 6, 2026. The company is currently not operational, and any delay in appeal disposal will postpone the revival of the Corporate Debtor. Written orders from the NCLAT are pending.

Baron Infotech Ltd has announced the closure of its trading window for designated persons and their immediate relatives. This closure is effective from October 1st, 2026, and will remain in effect until 48 hours after the declaration of the company's unaudited financial results for the second quarter and half-year ended September 30th, 2026. The specific date for the Board meeting to consider these financial results will be communicated in due course. This measure is in compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015, and the company's internal code of conduct.

Baron Infotech Limited held its first Board meeting post Corporate Insolvency Resolution Process. The Board took on record the NCLT Order approving the resolution plan and the Scheme of Arrangement for amalgamation with PurpleTalk India Private Limited. Key decisions included the appointment of new Additional Directors, cessation of erstwhile directors, shifting of the registered office, and approval to change the company name to "PurpleTalk Limited". The authorized share capital was increased to ₹300 Crores, and the Memorandum of Association was altered. A record date of October 6, 2026, was fixed for cancellation of promoter shares and reduction of public shareholding.

Baron Infotech Limited held its first board meeting post-corporate insolvency resolution, approving the amalgamation with PurpleTalk India Private Limited and a name change to "PurpleTalk Limited". The National Company Law Tribunal (NCLT) approved the resolution plan and scheme of arrangement on September 8, 2026. The company also appointed five new additional directors, including Sridhar Muppidi as Chairman and Managing Director, and noted the cessation of previous directors. The registered office will shift, and authorized share capital will increase to INR 300 Crores. A record date of October 6, 2026, has been set for the cancellation of erstwhile promoter shares and a 95% reduction in public shareholding.