KBC Global Ltd

The National Company Law Appellate Tribunal (NCLAT) has issued an order dated October 16, 2026, concerning Dharan Infra-EPC Limited. The order pertains to a Corporate Insolvency Resolution Process (CIRP) initiated under Section 7 of the Insolvency and Bankruptcy Code, 2016, with Tata Capital Housing Finance Limited as the petitioner. The filing indicates that an Interim Resolution Professional (IRP) and the suspended Director have filed applications seeking withdrawal of the CIRP under Section 12A of the Code. However, several financial creditors have intervened to oppose this withdrawal. The NCLAT's order is expected to provide direction on the continuation or cessation of the CIRP.

The National Company Law Appellate Tribunal (NCLAT) has issued an order dated October 16, 2026, concerning the insolvency proceedings of Dharan Infra-EPC Limited. The case, initiated under Section 7 of the Insolvency and Bankruptcy Code, 2016, by Tata Capital Housing Finance Limited, involves multiple intervention petitions from various financial creditors and the suspended director. The Interim Resolution Professional (IRP) and the suspended director have filed applications seeking withdrawal of the Corporate Insolvency Resolution Process (CIRP) under Section 12A of the Code. However, several financial creditors have intervened to oppose this withdrawal. The NCLAT's order is expected to provide direction on the continuation or withdrawal of the CIRP.

Dharan Infra-EPC Limited has disclosed that the National Company Law Tribunal (NCLT), Mumbai Bench, dismissed an application seeking withdrawal of the Corporate Insolvency Resolution Process (CIRP). The application was based on a settlement with one creditor, Tata Capital. Consequently, the CIRP will continue as per the Insolvency and Bankruptcy Code, 2016, and its associated timelines. The company has enclosed a copy of the NCLT's order dated October 16, 2026.

Dharan Infra-EPC Limited (under CIRP) has informed the stock exchanges that despite repeated summons and reminders from SEBI, the suspended directors, key managerial personnel (KMP), and statutory auditor have failed to provide the pending information and records sought by SEBI within the stipulated timelines. The company is under investigation by SEBI, and this non-compliance could have further implications. The company will continue to update the stock exchanges on material developments.

Dharan Infra-EPC Ltd has informed the stock exchanges that it is in the process of responding to information and data sought by SEBI in connection with an ongoing investigation. SEBI had issued summons to Directors and Key Managerial Personnel (KMP) in May-June 2026 for information pertaining to the period before Corporate Insolvency Resolution Process (CIRP). The suspended board and KMP have submitted part of the information and have requested a further 7-day extension to complete the submission of remaining data. The company will continue to update the exchanges on material developments.

Dharan Infra-EPC Ltd has announced the closure of its trading window for all designated persons and their immediate relatives. This closure is in compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015. The window will remain shut from July 1st, 2026, until 48 hours after the declaration of the company's financial results for the quarter ended June 30, 2026. This measure is intended to prevent insider trading during the period leading up to and immediately following the financial results announcement. The company, currently under Corporate Insolvency Resolution Process (CIRP), has issued this notice to ensure adherence to regulatory requirements.

Dharan Infra-EPC Ltd (under CIRP) announced the resignation of Mrs. Prachi Aditya Sakpal from her position as Independent Director, effective May 8, 2026. The reason cited for her resignation is the inability to devote sufficient time due to personal commitments. Mrs. Sakpal does not hold any directorship or committee position in any other company.

Mrs. Prachi Sakpal has resigned from her position as an Independent Director of Dharan Infra-EPC Ltd, effective May 8, 2026. The reason cited for her resignation is her inability to devote sufficient time due to personal commitments. She does not hold any directorship or committee position in any other company. The company has acknowledged her resignation and is completing the necessary formalities.

Dharan Infra-EPC Ltd, in accordance with the SEBI (Prohibition of Insider Trading) Regulations 2015, has announced the closure of the trading window for all designated persons and their immediate relatives. The closure will be in effect from April 1, 2026, until the completion of 48 hours after the declaration of the financial results for the quarter and year ended March 31, 2026. This decision is independent of any other trading window closure notices and is not intended to amend, alter, modify, curtail, or extend them.

Dharan Infra-EPC Ltd., formerly known as KBC Global Limited and Karda Construction Limited, has settled its outstanding dues with the financial creditor, Tata Capital Housing Finance Limited. The settlement occurred on December 31, 2025, during the claim verification period of the Corporate Insolvency Resolution Process (CIRP). The National Company Law Appellate Tribunal (NCLAT) has directed the Interim Resolution Professional (IRP) to file an application under Section 12A of the Insolvency and Bankruptcy Code, 2016, to withdraw the CIRP. The IRP has initiated the process of filing this application before the Mumbai Bench of the National Company Law Tribunal (NCLT). This disclosure is made in compliance with the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.