DPSC Ltd: CoC Approves RP, Auditors, and Valuers in CIRP
The Committee of Creditors of India Power Corporation Limited (formerly DPSC Limited) approved the appointment of Ms. Sreenivasa Mano Ranjani as Resolution Professional. M/s. Komandoor & Co. LLP were appointed as Internal Auditors for FY2026-27, and M/s RNC Valuecon LLP and M/s. GN Fairvalue Advisors Private Limited as Registered Valuers. The company is under CIRP.
The appointment of a Resolution Professional, Internal Auditors, and Registered Valuers are crucial steps in the CIRP. These appointments are necessary for the progression of the insolvency process, which can significantly impact the company's future structure and operations. However, the immediate financial or operational impact is not quantifiable from this announcement alone.
The announcement details routine procedural steps in the Corporate Insolvency Resolution Process, including the appointment of professionals. While these are necessary steps, they do not inherently signal a positive or negative change in the company's operational or financial standing at this stage.
India Power Corporation Limited (formerly DPSC Limited) announced the outcome of the 2nd meeting of the Committee of Creditors (CoC), held on July 20, 2026. The results of the e-voting, declared on August 7, 2026, revealed approvals for key appointments. Ms. Sreenivasa Mano Ranjani was appointed as the Resolution Professional (RP) with the required majority under Section 22 of the Insolvency and Bankruptcy Code. The CoC also approved the appointment of M/s. Komandoor & Co. LLP as the Internal Auditor for the Financial Year 2026-27. Additionally, M/s RNC Valuecon LLP and M/s. GN Fairvalue Advisors Private Limited were appointed as the Registered Valuers for the company. The company is currently undergoing Corporate Insolvency Resolution Process (CIRP) following an order from the Hon'ble NCLT, Hyderabad Bench-I, dated May 15, 2026.
What to do with a filing like this
DPSC Limited filed this with the NSE as a statutory disclosure, categorised under corporate insolvency resolution process. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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See the model portfoliosA plain-language summary of a public exchange filing by DPSC Limited. Read the original for the full detail.