PS IT Infrastructure & Services Ltd
PS IT Infrastructure & Services Ltd: CoC Approves Interim Finance, CFO Resignation
BOARD
◆ Monitor Closely
HIGH RISK
📅 Filed on BSE: 08 Jun 2026, 12:28 PM IST · BSE ID: 938ff372-5b5e-4222-91d2-b192113f9707
View Original BSE Filing (PDF)
💡
In Simple Terms
The company's creditors committee met, approving short-term funding and accepting the CFO's resignation.
🤖 AI Summary
- Committee of Creditors approved interim finance for 180 days.
- Resignation of CFO, Mr. Rajesh Baliram Patole, was accepted.
- Amendments in EOI and Form-G were ratified by the CoC.
- The company is currently undergoing Corporate Insolvency Resolution Process (CIRP).
🔢 Key Numbers — exact figures from BSE filing, not rounded
Interim Finance Duration
180 days
🏢 How This Affects the Company
Approval of interim finance provides necessary liquidity for operational continuity during the CIRP period.
Acceptance of CFO's resignation necessitates a leadership change in the finance function.
Continued CIRP indicates ongoing financial distress and restructuring efforts.
👥 What This Means For Shareholders
✅
Action Required
No immediate action is required from shareholders. Monitor future CoC and NCLT decisions.
👤
Who Is Affected
All shareholders are affected by the ongoing Corporate Insolvency Resolution Process and its eventual outcome.
🔍
Management Signal
The CoC's actions indicate a procedural progression within the CIRP framework.
For information only. Not investment advice. ForgeUp is not SEBI-registered.
👁 Watch List — track these upcoming events
Further CoC meetings for resolution plan evaluation.
NCLT orders regarding the CIRP progress.
Disclosure of a definitive resolution applicant or plan.
HIGH RISK
Company is under Corporate Insolvency Resolution Process, indicating significant financial distress.
💡 Investor Takeaway
PS IT Infrastructure & Services Ltd's CoC approved 180 days of interim finance and accepted CFO resignation, proceeding with CIRP. Resolution plan progress is key.
📅 Company Track Record
PS IT Infrastructure & Services Ltd recently reported its Q4 FY26 results, marking its first public performance baseline post-listing.
Based on publicly available historical data. For context only.
❓ Frequently Asked Questions
What was approved at the second CoC meeting of PS IT Infrastructure & Services Ltd?
The Committee of Creditors approved interim finance for 180 days and accepted the resignation of the CFO.
What is the status of PS IT Infrastructure & Services Ltd?
The company is undergoing Corporate Insolvency Resolution Process (CIRP) under the IBC Code, 2016.
Who resigned from PS IT Infrastructure & Services Ltd?
Mr. Rajesh Baliram Patole, the Chief Financial Officer (CFO), resigned from his position.
What other approvals were made by the CoC?
The Committee of Creditors also approved the ratification of amendments in the Expression of Interest (EOI) and Form-G.
Questions based on this BSE filing only. For information purposes.