Entities Involved
The Company received information on 29th October 2026 regarding commencement of liquidation proceedings for the following Australian subsidiaries of GVK Coal Developers (Singapore) Pte Ltd (GVKCDPL):
- Hancock Alpha West Pty Ltd
- Hancock Coal Pty Ltd
- Hancock Galilee Pty Ltd
- Hancock Kevin's Corner Pty Ltd
- Hancock Coal Infrastructure Pty Ltd
Financial Exposure and Status
GVKCDPL is classified as an associate of GVK Power & Infrastructure Limited in its consolidated financial statements. GVKPIL holds 10% equity interest in GVKCDPL and had made investments, including through Non-Convertible Redeemable Preference Shares (NCPRS).
Key Financial Details:
- All investments and receivables relating to GVKCDPL have already been fully impaired in the books of GVKPIL
- The Company maintains exposure arising from corporate guarantees and related lenders' claims
- These exposures have been previously disclosed in the company's financial statements
Corporate Status Context
The disclosure is made while GVK Power & Infrastructure Limited is under Corporate Insolvency Resolution Process (CIRP).
Future Disclosures
The company commits to disclose further material developments as and when available.