Dharan Infra-EPC Limited has informed stock exchanges that it is seeking an additional seven days to complete its submission of information requested by the Securities and Exchange Board of India (SEBI). The company, which is undergoing Corporate Insolvency Resolution Process (CIRP), disclosed the development in a filing dated August 17, 2026.

The ongoing investigation by SEBI pertains to the period prior to the commencement of the CIRP. In May and June 2026, the regulator issued summons to the company’s directors and key managerial personnel (KMP), requiring them to furnish specific records, data, and information.

Submission Status

According to the disclosure, the suspended board of directors and KMP have already submitted a portion of the requested data. However, they have approached SEBI on multiple occasions to seek extensions for furnishing the remaining requisite information. As of the filing date, the interim resolution professional noted that another request for a seven-day extension had been submitted to complete the process.

The company stated it will continue to update the National Stock Exchange of India Limited (NSE) and the Bombay Stock Exchange (BSE) on any material developments in accordance with SEBI Listing Regulations.

What the Numbers Show

The repeated requests for extensions highlight the complexity or volume of historical data required for the pre-CIRP investigation. With the initial summons issued in mid-2026 and extensions still being sought in August, the resolution timeline for this specific regulatory compliance matter remains open-ended.

The promoters of Dharan Infra-EPC Limited have confirmed that they did not create any encumbrance on their shares during the financial year ended March 31, 2026. This disclosure was submitted to the National Stock Exchange of India Limited and BSE Limited under Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The declaration ensures that the shareholding remains free from charges other than those previously disclosed.

The confirmation was provided on behalf of all promoters and the promoter group of Heads Up Ventures Limited. It explicitly includes persons acting in concert. The statement clarifies that no direct or indirect encumbrance was created other than those already reported to the exchanges.

List of Promoter and Promoter Group

The filing identified the following individuals as members of the promoter and promoter group:

The declaration was signed by Laxman Karda on behalf of the entire promoter and promoter group. The disclosure is part of the regulatory compliance requirements for the company, which is currently under the Corporate Insolvency Resolution Process (CIRP).