Baron Infotech gets ROC approval to extend FY26 AGM to December 29, 2026

scanx
Reviewed by
Anirudha BScanX News Team
Key Highlights
  • Registrar of Companies approved a three-month extension for Baron Infotech's FY26 AGM
  • New deadline set for December 29, 2026
  • Company remains under Corporate Insolvency Resolution Process (CIRP)
  • Dr Ahalada Rao Vummenthala acts as resolution professional
powered bylight_fuzz_icon
50914784

*this image is generated using AI for illustrative purposes only.

Baron Infotech Limited secured regulatory approval to postpone its annual general meeting for FY26. The Registrar of Companies, Telangana, granted a three-month extension, setting the new deadline for December 29, 2026.

The company continues to operate under the Corporate Insolvency Resolution Process (CIRP). The resolution professional filed the application for the extension with the registrar.

Regulatory Approval Details

The approval follows the standard procedure for companies undergoing insolvency resolution that require additional time to convene shareholder meetings. The registrar’s order explicitly permits the delay without penalizing the entity for non-compliance within the original statutory window.

Key Dates and Contacts

Parameter Detail
Company Baron Infotech Limited
Status Under CIRP
New AGM Deadline December 29, 2026
Extension Duration 3 months
Approving Authority Registrar of Companies, Telangana

Dr Ahalada Rao Vummenthala serves as the resolution professional for the process. He also chairs the monitoring committee overseeing the company’s affairs during this period. The registered office remains in Hyderabad, Telangana.

What specific milestones must Baron Infotech achieve during the three-month extension to ensure a successful resolution plan submission?

How might the prolonged CIRP process impact the valuation of the company's assets and the recovery rate for creditors?

Are there any potential bidders or strategic partners currently in discussions with the resolution professional for acquiring Baron Infotech?

like18
dislike

NCLT Hyderabad reserves orders on Baron Infotech intervention petition

scanx
Reviewed by
Shriram SScanX News Team
Key Highlights
  • NCLT Hyderabad Bench-II reserved orders on September 2, 2026
  • Proceedings involve Intervention Petition (IBC)/11/2026 and resolution plan
  • Dr. Ahalada Rao Vummenthala appeared as Resolution Professional
  • Avantine Software Pvt Ltd filed the intervention petition
powered bylight_fuzz_icon
49913579

*this image is generated using AI for illustrative purposes only.

The National Company Law Tribunal (NCLT) Hyderabad Bench-II reserved orders on September 2, 2026, regarding multiple petitions concerning Baron Infotech Limited. The proceedings involved an intervention petition and a resolution plan submitted by the Resolution Professional.

Court Proceedings

The tribunal heard arguments in Intervention Petition (IBC)/11/2026, IA (IBC) (Plan)/03/2026, and IA (IBC)/772/2026. These matters are linked to Company Petition IB No.164/7/HDB/2023 filed under Section 7 of the Insolvency and Bankruptcy Code (IBC).

The hearing was conducted in a hybrid virtual and physical mode at 10:30 am. The bench comprised Shri Rajeev Bhardwaj as Member (Judicial) and Shri Sanjay Puri as Member (Technical).

Parties Involved

Mr. Vivek Kumar Ratakonda filed the intervention petition. Avantine Software Pvt Ltd was listed as the petitioner in the intervention matter against Baron Infotech Limited.

Dr. Ahalada Rao Vummenthala appeared as the Resolution Professional. He is represented by Mr. Krinsha Grandhi, Senior Counsel, along with Mr. Naresh Kumar Sangam and Mr. Avinash Alladi.

The applicant’s counsel included Mr. T K Bhaskar, Senior Counsel, with Ms. Pavni Dada and Ms. Divya K. Mr. M. Ramana Reddy, PCS, represented Respondent No.2.

Regulatory Disclosure

Baron Infotech Limited made this disclosure to comply with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The intimation was issued on September 2, 2026, for dissemination on the Bombay Stock Exchange website.

How might the NCLT's final ruling on the resolution plan impact Baron Infotech's stock price and investor confidence in the short term?

What are the key criteria the tribunal is likely to prioritize when evaluating Avantine Software Pvt Ltd's intervention petition against the approved resolution plan?

Could this case set a precedent for how hybrid hearings and intervention petitions are handled in future IBC proceedings involving IT sector companies?

like18
dislike

More News on Baron Infotech Limited