BPL Limited has submitted a regulatory disclosure to the Bombay Stock Exchange Ltd and the National Stock Exchange of India Ltd pursuant to Regulation 30(4) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The disclosure references SEBI Circular no. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024, and provides details of a continuing event that has become material.
The disclosure specifically concerns the dismissal of an insolvency application against the company. The details are provided in Annexure-1 of the letter:
- Action Taken/Order Passed: The National Company Law Tribunal (NCLT) dismissed the application with case number CP(IBC)/10/KOB/2026 on July 8, 2026. The application was filed by an unsecured creditor, Morgan Securities Private Limited, under sections 7 and 9 of the Insolvency and Bankruptcy Code (IBC).
- Details of Violation/Allegation: The matter pertained to a payment to be made to an unsecured creditor, which was based on an order obtained from a division bench of the Supreme Court of India.
- Previous Communications: The company confirms that this dispute with the unsecured creditor has been previously intimated to the stock exchanges in the form of notes to financial results in each quarter.
- Financial and Operational Impact: As the matter has been dismissed by the NCLT, the company states that no quantifiable financial or operational impact is determined. BPL Limited confirms it continues its normal operations and works for the benefit of its stakeholders.
The letter is signed by Ajit G Nambiar, Chairman & Managing Director of BPL Limited, and was digitally signed on July 9, 2026.