Dion Global Solutions Limited informed the stock exchange of the outcomes from its board of directors meeting held on Tuesday, 3rd November 2026. The company is undergoing a corporate insolvency resolution process effective from 18 August 2020. The Hon'ble National Company Law Tribunal (NCLT) approved the resolution plan submitted by M/s Indus IntelliRisk & IntelliSense Services Private Limited (IIRIS) vide order dated 21 July 2026.
Presently, the company's operations are being managed by a monitoring committee established pursuant to the approval of the resolution plan. IIRIS has fulfilled its obligations under the resolution plan. The handover of the company's affairs and operations is currently underway. Nominees of IIRIS were appointed as directors on the board of the company effective from 8 October 2026.
The reconstituted board of directors held its first meeting on 3 November 2026, which commenced at 12:30 PM IST and concluded at 1:00 PM IST. The board unanimously approved the following resolutions:
- To take on record the appointment of representatives of IIRIS on the board of directors of the company.
- To take on record the cessation of the earlier directors and Key Management Personnel (KMP) in pursuance of the approval of the resolution plan.
- To cancel the existing equity share capital of the company as per the approved resolution plan and to allot equity share capital to IIRIS in pursuance of the approval of the resolution plan.
- To authorize the directors of the company, jointly or severally, to operate bank accounts of the company, enter into agreements with vendors and customers, get their credentials updated with various regulatory and statutory authorities, and to undertake other necessary and incidental activities for the smooth functioning of the company's operations.