Cosmic CRF Limited announced that its subsidiary, N.S. Engineering Projects Private Limited, has secured two significant purchase orders from infrastructure companies, totaling ₹19.98 crore. This development marks a positive step for the company in expanding its order book and potentially boosting its revenue.

Order Details

The company disclosed the following information about the two orders:

Key Points

• Both orders are to be executed within a three-month period, indicating a quick turnaround time for the projects.
• The orders are from domestic entities, highlighting the company's strong presence in the Indian infrastructure sector.
• Neither order involves any promoter group interest or related party transactions, ensuring transparency in the company's operations.

Company Statement

In its filing to the BSE, Cosmic CRF Limited stated, "Pursuant to Regulation 30 read with Schedule III of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, we would like to inform you that M/s. N. S. Engineering Projects Private Limited, the Subsidiary Company of Cosmic CRF Limited has bagged following orders from 2 different Infrastructure Companies."

Market Implications

These new orders could potentially have a positive impact on Cosmic CRF Limited's financial performance in the coming quarters. Investors and market analysts may want to keep a close eye on the company's execution of these projects and any future order wins in the infrastructure sector.

As the infrastructure sector continues to grow in India, companies like Cosmic CRF Limited and its subsidiaries may find increased opportunities for business expansion and revenue growth. However, it's important for investors to consider various factors, including the company's ability to execute projects efficiently and its overall financial health, before making investment decisions.

The National Company Law Appellate Tribunal (NCLAT) has issued a significant order in the ongoing insolvency proceedings of Cosmic CRF Limited, balancing the continuation of the resolution process with the need for legal clarity.

Key Developments

• The NCLAT has directed the Resolution Professional to proceed with finalizing Expressions of Interest (EOIs) for Cosmic CRF Limited.
• However, any Resolution Plans received are not to be opened by the Committee of Creditors (CoC) pending a decision on Cosmic CRF's eligibility under Section 29A of the Insolvency and Bankruptcy Code (IBC).
• The order relates to the insolvency case of Amzen Transportation Industries Ltd., where Cosmic CRF Limited is seeking to participate as a resolution applicant.

Current Status of the Process

• The Resolution Professional has received 11 Expressions of Interest.
• The deadline for resolution plan submissions is set for November 19, 2025.
• The NCLAT has scheduled a hearing on October 27, 2025, to determine Cosmic CRF's eligibility under Section 29A.

Implications and Next Steps

This order strikes a balance between allowing the insolvency process to progress and ensuring that all legal considerations are properly addressed. It allows for the continuation of the resolution process while safeguarding against potential complications that could arise if Cosmic CRF's eligibility remains in question.

The NCLAT's decision to hear Cosmic CRF's case regarding its eligibility under Section 29A demonstrates the tribunal's commitment to ensuring a fair and transparent insolvency resolution process. This approach allows for a thorough examination of the eligibility criteria while preventing any unnecessary delays in the overall proceedings.

Stakeholders in the insolvency process of Amzen Transportation Industries Ltd. will be closely watching the outcome of the October 27 hearing, as it could have significant implications for the resolution process and the potential restructuring of the company.

This case highlights the complex interplay between legal procedures and practical considerations in India's evolving insolvency resolution framework. It underscores the importance of adhering to regulatory requirements while also maintaining the momentum of the resolution process to maximize value for all stakeholders involved.