Sathlokhar Synergys E&C Global disclosed that the National Company Law Appellate Tribunal (NCLAT) has stayed the operation of an insolvency order passed against its Chairman and Managing Director, G. Thiyaagu. The order, originally passed by the National Company Law Tribunal (NCLT) on 09 June 2026, was challenged by Thiyaagu on grounds of limitation. The NCLAT's order dated 08 July 2026 keeps the NCLT order in abeyance until the next hearing.

The insolvency proceedings pertain exclusively to Thiyaagu in his capacity as a personal guarantor for credit facilities availed by an unrelated entity in January 2014. The lender's petition before the NCLT cites a default amount of ₹3,65,28,644 with further interest. The company emphasized that neither it nor its other promoters, directors, or key managerial personnel are party to the proceedings.

Thiyaagu filed Company Appeal (AT) (CH) (Ins.) No.307 of 2026 along with Interlocutory Application No.871 of 2026 seeking a stay on the commencement of the Insolvency Resolution Process. The NCLAT has directed the respondents to file their counter affidavits within three weeks.

The company clarified that the assets and borrowings of Sathlokhar Synergys E&C Global do not form the subject matter of the legal proceedings. Consequently, the NCLT order has no impact on the business operations, financial position, assets, management, or day-to-day functioning of the company.

The disclosure was submitted to the National Stock Exchange of India Limited pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company stated it would inform the stock exchanges of any further material developments in accordance with applicable laws.

Sathlokhar Synergys E&C Global held a group virtual meeting with analysts and institutional investors on June 19, 2026. The company confirmed that the discussions were based on generally available information and were not related to any unpublished price sensitive information.

The meeting was conducted under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Anil Prasad Sahoo, Company Secretary and Compliance Officer, submitted the intimation to the National Stock Exchange of India Limited.

The session lasted from 05:00 PM to 06:15 PM and was attended by representatives from several asset management firms and investment advisors. The interactions were aimed at providing updates on the company's operations and performance based on public data.

Meeting Participants

The company clarified that no specific price-sensitive information was shared during the interaction.