Key Clarification Points
The company clarifies that:
- No meeting of the Board of Directors was held on 14 August 2026
- The company has been undergoing Corporate Insolvency Resolution Process (CIRP) since 01 September 2025
- The affairs and management of the company are being conducted under the provisions of the Insolvency and Bankruptcy Code, 2016
- The process is under the supervision of the Resolution Professional
Financial Statements Context
The financial statements referenced in the corporate announcement were signed by the Resolution Professional in his capacity pursuant to the ongoing CIRP. These statements were not approved at any meeting of the Board of Directors.
Regulatory Compliance Position
The company states that provisions relating to disclosure of board meeting outcomes within 30 minutes/3 hours from closure of the meeting (under Regulation 30(6) of SEBI LODR Regulations, 2015) are not applicable in this case since no board meeting was convened or held on the referenced date.