GVK Power & Infrastructure Limited (GVKPIL), a major player in India's infrastructure sector, has reported a consolidated net loss of Rs 1,378.00 crore for the half-year ended September 30, 2025. This financial performance comes as the company continues to operate under Corporate Insolvency Resolution Process (CIRP), which began in July 2024.

Financial Distress and Insolvency

The company's financial results paint a picture of significant financial distress:

• Liabilities exceed assets
• Multiple subsidiary deconsolidations
• Admitted creditor claims of Rs 15,945.00 crore against total claims of Rs 21,792.00 crore

Ongoing CIRP Process

GVKPIL entered the CIRP following a National Company Law Tribunal (NCLT) order dated July 12, 2024. The Resolution Professional (RP) has taken charge of the company's assets and is overseeing the insolvency process.

Resolution Plans and Future Outlook

The Resolution Professional had invited resolution plans, receiving proposals from two Prospective Resolution Applicants. However, the Committee of Creditors (CoC) rejected both plans as non-compliant or non-responsive. Subsequently, the CoC has decided to re-initiate the CIRP process, focusing on an asset-wise sale approach under CIRP regulations.

Subsidiary and Associate Challenges

The company's financial woes extend to its subsidiaries and associates:

• GVK Energy Limited (GVKEL), a wholly-owned subsidiary, has also been admitted into CIRP
• GVK Coal Developers (Singapore) Pte. Limited, an associate, faces significant liabilities and legal challenges

Legal and Regulatory Scrutiny

GVKPIL and its affiliates are under investigation by various government agencies, including the Central Bureau of Investigation (CBI) and Enforcement Directorate (ED), for alleged irregularities related to conflict of interest, misuse of funds, and money laundering.

Management's Stance

Despite the ongoing challenges, GVKPIL's management has prepared the financial results on a going concern basis, believing that the outcome of the CIRP will keep the company operational.

As the insolvency process unfolds, stakeholders will be closely watching the asset-wise sale approach and any potential resolution that may emerge to address GVKPIL's substantial financial obligations.

GVK Power & Infrastructure , currently undergoing Corporate Insolvency Resolution Process (CIRP), has announced its twenty-second Committee of Creditors (COC) meeting, scheduled for November 12, 2025. The meeting, set to take place at 3:30 PM IST via online mode, aims to provide updates on the resolution process of the corporate debtor.

Meeting Details

Regulatory Compliance

In adherence to regulatory requirements, GVK Power & Infrastructure has duly informed both the Bombay Stock Exchange (BSE) and the National Stock Exchange of India (NSE) about this development. The disclosure was made under Regulation 30(2) read with Clause 16(g) of Para A of Part A of Schedule III of Securities and Exchange Board of India (Listing Obligations & Disclosure Requirements) Regulations, 2015.

Company Background

GVK Power & Infrastructure, currently under CIRP, operates in various sectors including energy, transportation, hospitality, life sciences, and realty. The company's registered office is located at Darshak Chambers, Plot No.32, Ground Floor, House No.1-8-303/48/32, Street No:1, Penderghast Road, Secunderabad-500003, Telangana, India.

Insolvency Process

The scheduling of this COC meeting indicates that the insolvency resolution process for GVK Power & Infrastructure is ongoing. The Committee of Creditors plays a crucial role in the CIRP, making important decisions regarding the future of the company and potential resolution plans.

Investors and stakeholders will be keenly watching for any outcomes or decisions that may emerge from this meeting, as it could potentially impact the company's future direction and financial restructuring efforts.