Choice International Limited has informed stock exchanges that its material subsidiary has been selected as the successful resolution applicant in a corporate insolvency resolution process. The development marks a significant milestone for the company's subsidiary in the insolvency resolution space.

Subsidiary Wins Resolution Bid

Choice Consultancy Services Private Limited (CCSPL), a material subsidiary of Choice International Limited, has been declared the successful resolution applicant by the Committee of Creditors of Feedback Infra Private Limited. The selection was made under the provisions of the Insolvency and Bankruptcy Code, 2016.

Letter of Intent Received

CCSPL has received a Letter of Intent (LOI) from the Resolution Professional of Feedback Infra Private Limited. The LOI confirms the approval of the Resolution Plan by the Committee of Creditors with the requisite majority, formally recognizing CCSPL's successful bid.

Regulatory Approvals Pending

The implementation of the Resolution Plan remains subject to several conditions and approvals:

• Terms and conditions specified in the Letter of Intent
• Approval of the National Company Law Tribunal
• Approval from other regulatory authorities, courts or tribunals as applicable under law

Future Disclosures

Choice International Limited has committed to making further disclosures as and when there are material developments in this matter. The company will keep stakeholders informed about the progress of the resolution plan implementation and any significant updates related to this acquisition.

The successful resolution bid represents a strategic move by Choice International's subsidiary in the infrastructure sector through the corporate insolvency resolution process.

Choice International Limited has formally announced the completion of Mrs. Sudha Bhushan's tenure as Independent Director, marking the end of her five-year term with the company. The announcement was made through regulatory filings to both BSE and NSE on February 12, 2026.

Director Tenure Completion Details

Mrs. Sudha Bhushan (DIN: 01749008) completed her first term of five years as an Independent Director on February 11, 2026, and consequently ceased to hold the position with effect from the end of business hours on the same date. The cessation was due to the natural completion of her tenure rather than resignation or removal.

Committee Membership Impact

Following the completion of her directorship tenure, Mrs. Sudha Bhushan also ceased to be a member of the company's board committees. Her committee involvement included membership in the Audit Committee, where she served in a member capacity throughout her tenure as Independent Director.

Regulatory Compliance and Acknowledgment

The company has fulfilled its regulatory obligations by notifying the stock exchanges under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The notification was made in compliance with SEBI Circular ref no.: HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026.

The Board of Directors and Management have placed on record their sincere appreciation for Mrs. Bhushan's valuable contributions, guidance, and services rendered during her association with the company. Company Secretary and Compliance Officer Karishma Shah signed the regulatory filing on behalf of Choice International Limited.

The company trades on BSE under scrip code 531358 and on NSE under the symbol CHOICEIN, with headquarters located at Sunil Patodia Tower, J B Nagar, Andheri East, Mumbai.