Cerebra Integrated Technologies Limited has announced that its board of directors will meet on May 29, 2026. The meeting is convened to discuss and consider the audited standalone and consolidated financial statements for the company.

Agenda for the Meeting

The primary agenda item for the board meeting is the consideration of the audited financial results. Specifically, the board will review the performance for the fourth quarter and the full financial year that ended on March 31, 2026.

The table below outlines the key details regarding the upcoming board meeting:

Regulatory Compliance

The intimation regarding the board meeting has been submitted to the stock exchanges in compliance with the SEBI (LODR) Regulations, 2015, SEBI guidelines, and applicable corporate laws. The company has requested the exchanges to take the intimation on record.

Following its board's approval of the Corporate Insolvency Resolution Process (CIRP) on May 11, 2026, Cerebra Integrated Technologies has announced May 29, 2026, as the record date to determine shareholder eligibility for the upcoming Extra-Ordinary General Meeting (EGM). The meeting is scheduled for Saturday, June 06, 2026, at 11:30 A.M. IST, via Video Conferencing (VC) or Other Audio-Visual Means (OAVM). The company communicated this update to BSE Limited and the National Stock Exchange of India Limited on May 18, 2026.

EGM and E-Voting Schedule

The EGM has been convened to seek shareholder consent for the Board to initiate CIRP by filing an application before the Bengaluru Bench of the National Company Law Tribunal (NCLT). The remote e-voting period will begin on Tuesday, June 02, 2026, at 9:00 A.M. IST and conclude on Friday, June 05, 2026, at 5:00 P.M. IST. Only members whose names appear in the Register of Members or as Beneficial Owners as on the record date, May 29, 2026, will be entitled to vote.

Financial Distress and Rationale for CIRP

The Board of Directors approved the initiation of CIRP under Section 10 of the Insolvency and Bankruptcy Code, 2016 (IBC), during a meeting held on May 11, 2026. The company has cited significant financial distress over the past two to three financial years, driven by a lack of working capital, high overheads, and the impact of COVID-19. These factors have led to continuous operational losses, erosion of net worth, and a severe liquidity crisis.

Cerebra Integrated Technologies has defaulted on debt repayments to financial and operational creditors, with total outstanding debt amounting to approximately INR 90,00,00,000. The Board determined that CIRP is the most prudent course of action to maximize stakeholder value through a structured resolution process, benefit from the statutory moratorium on proceedings, and preserve the company as a going concern.

Resolution and Authorization

The Special Resolution to be passed at the EGM authorizes the Board to appoint an Interim Resolution Professional, engage legal counsel, and make necessary regulatory disclosures. Mr. Ranganathan Venkatraman, Chairman and Managing Director, and Mr. Vishwamurthy Phalanetra, Whole Time Director and CFO, have been authorized to represent the company before the NCLT. The results of the e-voting will be declared on or before June 9, 2026.