Shirpur Gold Refinery Limited has failed to submit its audited financial results for the quarter and year ended March 31, 2026, due to operational challenges stemming from the Corporate Insolvency Resolution Process (CIRP). The delay impacts both standalone and consolidated financial statements, which were required to be filed under Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company is currently undergoing insolvency proceedings, which have suspended the powers of its board of directors.

The Resolution Professional, Ashish Vyas, stated that the finalization of financial results has been delayed because of unresolved issues with the Suspended Board of Directors. These issues have adversely affected financial accounting and prevented the timely preparation of the results. Despite diligent efforts to collate and compile records in physical and electronic formats, unforeseen circumstances have stalled the process.

Regulatory Context and Governance

The CIRP against Shirpur Gold Refinery Limited commenced pursuant to an order passed by the National Company Law Tribunal, Mumbai Bench - VI, on June 24, 2024. Following the admission order, Ashish Vyas was appointed as the Interim Resolution Professional, and a moratorium was declared. Subsequently, the Committee of Creditors appointed him as the Resolution Professional in September 2024.

In accordance with Regulation 15(2A) of the SEBI (LODR) Regulations, 2015, the provisions of Regulation 17, which govern the Board of Directors, are not applicable during the insolvency resolution process. The responsibilities typically assigned to the board are now fulfilled by the Resolution Professional under sections 17 and 23 of the Insolvency and Bankruptcy Code, 2016. Similarly, regulations concerning the Audit Committee, Nomination and Remuneration Committee, Stakeholders Relationship Committee, and Risk Management Committee are not applicable, with their roles assumed by the Resolution Professional.

Key Details of the Filing

The company has requested the exchanges to note the inability to submit the results within the prescribed time limits. The Resolution Professional continues to oversee the process, but the completion of financial accounts remains contingent upon resolving the outstanding accounting issues.

Shirpur Gold Refinery Limited has completed its Twenty-Ninth Committee of Creditors (COC) meeting, which was initially scheduled for March 20, 2026, but subsequently deferred and held on March 24, 2026. The company announced the meeting outcome in compliance with regulatory disclosure requirements under the Corporate Insolvency Resolution Process.

Meeting Details and Rescheduling

The Twenty-Ninth COC meeting was originally convened on March 20, 2026, at 12:00 noon via video conferencing but was deferred on the same day. The adjourned meeting resumed on March 24, 2026, at 04:00 p.m. and concluded at 04:40 p.m., lasting approximately 40 minutes.

Corporate Insolvency Resolution Process

Shirpur Gold Refinery Limited continues to operate under the Corporate Insolvency Resolution Process. Ashish Vyas serves as the Resolution Professional, holding IBBI Registration Number IBBI/IPA-001/IP-P-01520/2018-2019/12267. His AFA validity extends until December 31, 2026.

Professional Details and Contact Information

The Resolution Professional operates from the registered address at B-1A Viceroy Court CHS, Thakur Village, Kandivali (East), Mumbai Suburban, Maharashtra- 400101. The IBBI registered email for correspondence is ashishvyas2006@gmail.com , while the process-specific communication can be directed to cirp.sgsl@dimax.in .

Regulatory Compliance

The announcement was made pursuant to Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The disclosure was communicated to both the National Stock Exchange of India Limited (NSE Symbol: SHIRPUR-G) and BSE Limited (BSE Scrip Code: 512289), ensuring all stakeholders remain informed of the proceedings.

The completion of the Twenty-Ninth COC meeting represents the ongoing efforts to resolve the company's financial situation through the established legal framework for corporate insolvency resolution in India.