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.

GVK Power & Infrastructure Limited (GVKPIL) has announced its unaudited standalone and consolidated financial results for the quarter ended June 30, as approved by the board on August 13. The company, currently under Corporate Insolvency Resolution Process (CIRP), faces significant financial challenges and ongoing legal proceedings.

Financial Performance

For the quarter ended June 30, GVKPIL reported the following consolidated results:

On a standalone basis, the company's performance for the same quarter was as follows:

Corporate Insolvency Resolution Process

GVKPIL entered CIRP following a National Company Law Tribunal (NCLT) order dated July 12, 2024. The Resolution Professional has received claims worth ₹21,79,248.00 lakh from financial creditors, of which ₹15,94,489.00 lakh has been admitted for CIRP purposes.

Key Developments

Deconsolidation of Subsidiaries

The company has lost control over GVK Energy Limited (GVKEL) and its subsidiaries, resulting in their deconsolidation from May 06. This led to a loss of ₹1,04,158.00 lakh recognized in the consolidated financial results.

Resolution Plans

The Resolution Professional invited resolution plans, but the Committee of Creditors (CoC) rejected two proposals as non-compliant. The CoC has resolved to re-initiate the CIRP process based on an asset-wise sale approach.

Ongoing Litigations

The company faces multiple legal challenges, including investigations by government agencies and proceedings related to its overseas coal project.

Debt and Guarantees

GVKPIL has provided guarantees for loans taken by GVK Coal Developers (Singapore) Pte. Limited, with claims admitted by the Resolution Professional amounting to ₹14,89,486.00 lakh.

Annual General Meeting

The 31st Annual General Meeting of the Company is scheduled for September 30, to consider and adopt the audited financial statements for the year ended March 31.

Outlook

The company's ability to continue as a going concern remains uncertain due to accumulated losses, liabilities exceeding assets, and ongoing legal and financial challenges. The outcome of the CIRP process will be crucial in determining GVKPIL's future operations and financial stability.

Investors and stakeholders are advised to closely monitor further developments in the CIRP process and ongoing legal proceedings, as these will significantly impact the company's future.