GVK Power & Infrastructure Limited Holds 32nd AGM on Sep 30, 2026
GVK Power & Infrastructure Limited held its 32nd AGM on September 30, 2026, chaired by the Resolution Professional due to CIRP. Key agenda items included financial statements adoption and director re-appointments. The company is deciding between re-initiating CIRP or liquidation after previous resolution plans failed.
The AGM proceedings and the update on the Corporate Insolvency Resolution Process (CIRP) are material to stakeholders, including shareholders and creditors, as they provide insights into the company's financial health and future prospects.
The announcement is a factual report of the AGM proceedings and updates on the ongoing CIRP. It does not contain positive or negative financial performance indicators or strategic developments beyond the status of the insolvency process.
GVK Power & Infrastructure Limited (GVKPIL) held its 32nd Annual General Meeting (AGM) on Wednesday, September 30, 2026, commencing at 11:30 AM IST and concluding at 12:04 PM noon via two-way Video Conference. The meeting was chaired by Mr. Satish Kumar Gupta, the Resolution Professional appointed by the NCLT, as the company is currently under Corporate Insolvency Resolution Process (CIRP).
The agenda included the adoption of audited financial statements (standalone and consolidated) for the year ended March 31, 2026, the re-appointment of Dr. GVK Reddy as a director retiring by rotation, the re-appointment of M/s T R Chadha & Co LLP as Statutory Auditors for another five years, and the re-appointment of Mr. P V Prasanna Reddy as Whole-time Director for three years.
The Chairman provided an update on the CIRP proceedings, noting that the NCLT admitted the company into insolvency on July 12, 2024. The first round of CIRP, which involved receiving resolution plans, was closed due to non-compliance. A second round, focusing on an asset-wise sale approach, was initiated with the issuance of Invitation of Expression of Interest (IEOI) on June 23, 2025, and July 08, 2025. While IEOIs were received and due diligence is ongoing, no compliant resolution plan has been submitted within the approved timeline. The Committee of Creditors (CoC) is currently deciding whether to re-initiate another round of CIRP or proceed with liquidation.
Discussions also covered the industry scenario and the company's operational performance during FY 2025-26. Members were provided with the facility to cast votes electronically, both remotely before the meeting and during the AGM. The consolidated voting results, along with the Scrutinizer's Report, are expected to be announced within two working days of the meeting's conclusion and will be intimated to the stock exchanges and published on the company's website.
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