Baron Infotech (532336) — Announcement

📢 Key Event
NCLT Hyderabad Bench approves Resolution Plan, dismisses Ratakonda's petition

🔄 What Changed
Dismissal of Ratakonda's intervention petition and final approval of Innopark's Resolution Plan

🔮 What's Next
NCLT ordered RP to forward CIRP records to IBBI and update RoC filings

💡 Investor Takeaway
Shareholders receive equity shares under the approved plan, but the company remains under insolvency proceedings with no operational revival timeline provided.

Baron Infotech Ltd received final approval from the Hyderabad NCLT for its Resolution Plan under the Corporate Insolvency Resolution Process, ending all legal challenges to the plan. The order dismisses a petition by Mr. Vivek Ratakonda and confirms Innopark (India) Private Limited as the approved resolution applicant with 100% creditor voting. The plan includes specific fund infusion timelines and equity allotment details for creditors.

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About Baron Infotech Ltd (532336)

Information Technology · IT - Software · Listed on BSE

Market Cap: ₹1.94 Cr ROE: 78.6% ROCE: -10.2%

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Source: Stock Announcements. Analysis by StockFin.ai. For informational purposes only — not investment advice.

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