USHDEV INTERNATIONAL LTD.

Ushdev International Limited provides an update on its liquidation proceedings. The liquidation process, initiated by a National Company Law Tribunal (NCLT) order on October 16, 2025, began in July 2026. Two auction rounds have concluded, successfully disposing of wind turbines and certain immovable properties. The company is preparing for a subsequent auction round focused on remaining immovable properties and financial securities. This update details the progress in liquidating the company's assets.

Ushdev International Limited (in liquidation) is conducting an e-auction to sell assets forming part of its liquidation estate under the Insolvency and Bankruptcy Code, 2016. The auction will be held on the BAANKNET portal on August 6, 2026. Assets include land and buildings (office premises in Mumbai and Pune, commercial plots in Raigad), windmills with land in Tamil Nadu, Karnataka, Rajasthan, and Gujarat, and equity shares in Uttam Galva Ferrous Ltd., The Shamrao Vithal Co Op Bank Ltd, and other entities, along with advance receivables. The sale is on an 'as is where is' basis. The last date for EOI, eligibility documents, and EMD submission is August 4, 2026.

Ushdev International Ltd has announced the closure of its trading window for dealing in the company's shares. This closure is effective from July 1, 2026, and will remain in effect until 48 hours after the declaration of the Unaudited Financial Results (Standalone and Consolidated) for the quarter ended June 30, 2026. The decision aligns with SEBI (Prohibition of Insider Trading) Regulations, 2015, and the company's Code of Conduct. The closure applies to all Designated Persons, including Promoters, Directors, Key Managerial Personnel, Designated Employees, and other Connected Persons. The date of the Board Meeting to consider these financial results will be communicated separately.

Ushdev International Ltd has provided an updated list of members for its Stakeholder's Consultation Committee as of June 09, 2026. This update follows a previous intimation on April 27, 2026. The filing details the admitted claims from various stakeholder categories, including secured financial creditors, unsecured financial creditors, operational creditors (employees, government dues, and others), and other stakeholders. The total admitted claims amount to ₹122,758,238,168, representing 100% of the total claims, with contingent claims totaling ₹4,172,833,274. Notably, several operational creditors, other than government and employees, did not submit claims in the prescribed format but their claims were admitted based on records from the Corporate Insolvency Resolution Process (CIRP).

On October 16, 2025, the Hon'ble NCLT, Mumbai, issued an order for the liquidation of Ushdev International Ltd under the Indian Bankruptcy Code 2016. The exchange was notified on October 27, 2025. The company is in the process of finalizing its accounts for the year ended March 31, 2026, which will reflect the impact of the liquidation order. The finalized accounts will be published upon completion.

Ushdev International Ltd, through its liquidator, has released an updated list of members for its Stakeholder's Consultation Committee as of April 23, 2026. The committee includes major financial creditors such as State Bank of India (20.700%), Bank of Baroda (13.900%), and ICICI Bank Limited (9.363%). Operational creditors, including government departments like VAT and Income Tax, also form a significant part. The total admitted claims by the liquidator amount to ₹122,758,238,168. The liquidator has also considered and admitted claims for certain employees/workmen based on prior Corporate Insolvency Resolution Process (CIRP) records, even without formal submission.

Ushdev International Ltd has announced the closure of its trading window for dealing in shares. The closure is effective from April 01, 2026 until the expiry of 48 hours after the Audited Financial Results for the Quarter and Year ended March 31, 2026 are communicated to the Stock Exchanges. The decision is in accordance with the SEBI (Prohibition of Insider Trading) Regulations, 2015, and the Company's Code of Conduct. The date of the Board Meeting for the consideration of the Audited Financial Results will be informed in due course.

Ushdev International Ltd. has announced a delay in the filing of its quarterly financial results for the quarter ended 31st December, 2025. This delay is due to a liquidation order dated 16/10/2025, which has directed the liquidation of the company. The company is required to prepare its financial statements after giving effect to the liquidation process, which includes a valuation exercise and other necessary procedures. The financial statements will be submitted to the Exchange once the valuation process is completed and the financial statements are finalized.

Ushdev International Ltd has updated its Stakeholder Consultation Committee as of 22nd December 2025. The committee includes major financial institutions such as State Bank of India, IDBI, Bank of Baroda, ICICI Bank Limited, Punjab National Bank, Bank of Maharashtra, Indian Overseas Bank, Central Bank of India, and Union Bank Of India. The list also includes various operational creditors and employees. The claims from shareholders and other creditors have not been received as of the date. The list is subject to revision based on additional information and evidence.

Ushdev International Ltd. has released the list of members of the Stakeholder's Consultation Committee as of December 15, 2025. The list includes major financial institutions such as State Bank of India, IDBI, Bank of Baroda, ICICI Bank Limited, Indian Overseas Bank, Punjab National Bank, Bank of Maharashtra, Central Bank of India, Union Bank Of India, and UCO Bank. The list also includes Tomorrow Capital Enterprises Private Limited and several individuals. The committee comprises 27 members in total. The claims have been compiled based on the information received from the respective claimants and are subject to revision, modification, substantiation, or rejection upon receipt of any additional information or evidence.