Reliance Communications (RCOM) — Announcement

📢 Key Event
NCLT declares RCIL resolution plan non-implementable and orders CoC meeting within 30 days

🔄 What Changed
Plan status changed from implementable to non-implementable; CoC meeting mandated within 30 days

🔮 What's Next
Next hearing scheduled for September 24, 2026

💡 Investor Takeaway
Shareholders face potential delays or restructuring impacts as the resolution plan cannot proceed without addressing mandatory creditor payments.

Reliance Communications disclosed an NCLT order dated August 21, 2026, finding its subsidiary RCIL's approved resolution plan non-implementable due to insufficient funds for mandatory creditor payments. The Tribunal directed the former resolution professional to convene a Committee of Creditors meeting within 30 days to address implementation issues before the next hearing on September 24, 2026. The filing highlights a ₹26.29 crore shortfall in mandatory payments to dissenting creditors against ₹301.72 crore available funds, with a proposed ₹35 crore escrow deposit suggested to cover gaps. The matter remains unresolved pending compliance with statutory conditions precedent.

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About Reliance Communications Limited (RCOM)

Telecommunication · Telecom-Service · Listed on NSE

Market Cap: ₹221.24 Cr ROE: 10.3% ROCE: -0.1%

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

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