Zicom Electronic Security Systems Ltd

Zicom Electronic Security Systems Ltd announced the outcome of its 47th Committee of Creditors (CoC) meeting held on August 20, 2026. The e-voting concluded on September 11, 2026. Key resolutions approved include the fees for the Resolution Professional from June 2026 onwards, appointment of legal counsel for NCLT and NCLAT appearances, appointment of a CA for tax filings and condonation of delay applications, and appointment of legal associates for due diligence on the resolution plan. The CoC also approved CIRP costs incurred from April 20, 2026, to August 18, 2026.

Zicom Electronic Security Systems Ltd, currently undergoing Corporate Insolvency Resolution Process (CIRP) since July 29, 2022, has submitted its audited standalone financial statements for the financial year ended March 31, 2026. The filing was made on August 19, 2026, as per SEBI LODR Regulations. Chirag R. Shah, appointed as Resolution Professional (RP) on September 4, 2025, has overseen the preparation and submission of these financials, ensuring the company remains a going concern. The current RP's signature is for compliance purposes, with ultimate responsibility for the period July 29, 2022, to March 31, 2025, vesting with the erstwhile RP, Mr. Huzefa Fakhri Sitabkhan.

Zicom Electronic Security Systems Ltd, currently under Corporate Insolvency Resolution Process (CIRP) since July 29, 2022, has submitted its audited standalone financial statements for the financial year ended March 31, 2024. The submission is in compliance with SEBI LODR Regulations. The current Resolution Professional, Chirag R. Shah, took over management on September 4, 2025, and has ensured the preparation and submission of these financials, which are authenticated by the erstwhile RP, Huzefa Fakhri Sitabkhan, for the period he supervised the company's affairs. This filing is crucial for stakeholders and regulatory compliance during the CIRP.

Zicom Electronic Security Systems Ltd, currently under Corporate Insolvency Resolution Process (CIRP) since July 29, 2022, has submitted its Audited Standalone Financial Statements for the Financial Year ended March 31, 2023. The submission is in compliance with SEBI LODR Regulations. The current Resolution Professional, Chirag R. Shah, appointed on September 4, 2025, has overseen the preparation and submission, though the responsibility for the period of the erstwhile RP, Huzefa Fakhri Sitabkhan (July 29, 2022, to March 31, 2025), remains with him.

Zicom Electronic Security Systems Ltd, currently under Corporate Insolvency Resolution Process (CIRP) since July 29, 2022, has submitted its audited standalone financial statements for the financial year ended March 31, 2024. The submission is in compliance with SEBI LODR Regulations. The current Resolution Professional, Chirag R. Shah, took over management on September 4, 2025. The financial statements were prepared based on available records and accounting practices, with the responsibility for the period up to March 31, 2025, vesting with the erstwhile RP, Mr. Huzefa Fakhri Sitabkhan.

Zicom Electronic Security Systems Ltd, currently under Corporate Insolvency Resolution Process (CIRP) since July 29, 2022, has submitted its audited standalone financial statements for the financial year ended March 31, 2025. The submission is made by the current Resolution Professional, Chirag R. Shah, who took charge on September 4, 2025, replacing the erstwhile RP, Huzefa Fakhri Sitabkhan. The financial statements have been prepared as per the accounting practices of the company and available records, and are submitted to comply with SEBI LODR Regulations. The responsibility for authentication of financial statements for the period up to March 31, 2025, vests with the erstwhile RP.

Zicom Electronic Security Systems Ltd has filed a Resolution Plan Application with the Hon'ble NCLT Mumbai Bench. The next hearing date for this application is scheduled for July 17, 2026. This filing is part of an ongoing insolvency proceeding initiated by IDBI Bank Limited under Section 7 of the Insolvency and Bankruptcy Code, 2016. The NCLT order dated July 2, 2026, indicates that arguments from various parties, including the applicant (Central Bank of India) and respondents, will continue on the next date. Both IA/1566/2026 and IA(PLAN)/32/2026 are listed for further consideration on July 17, 2026.