Setubandhan Infrastructure Ltd
Setubandhan Infrastructure: Non-Submission of Q2 FY27 Financial Results due to CIRP
RESULTS
▼ Concern Flagged
HIGH RISK
📅 Filed on BSE: 14 Nov 2026, 04:40 PM IST · BSE ID: 2bd69b30-7599-4791-96f9-5b24772bbb60
View Original BSE Filing (PDF)
💡
In Simple Terms
The company could not release its latest financial results because it is undergoing insolvency proceedings, and records are unavailable.
🤖 AI Summary
- Setubandhan Infrastructure has not submitted unaudited financial results for the quarter ended September 30, 2026 (Q2 FY27).
- Non-submission is due to the ongoing Corporate Insolvency Resolution Process (CIRP) initiated November 28, 2022.
- NCLT rejected a resolution plan on March 24, 2025; an appeal is pending before NCLAT since July 09, 2025.
- Resolution Professional cannot compile results as financial records are unavailable despite repeated efforts and follow-ups.
🏢 How This Affects the Company
The inability to compile and submit financial results indicates a severe lack of operational financial oversight and transparency, hindering any assessment of the company's current financial position.
The company is under Corporate Insolvency Resolution Process (CIRP), with the Resolution Professional unable to access essential financial documents to prepare statements.
The company faces high regulatory risk due to non-compliance with SEBI LODR Regulation 33, and ongoing insolvency proceedings pose fundamental business continuity risks.
👥 What This Means For Shareholders
✅
Action Required
No immediate action is required from shareholders based on this non-submission filing.
👤
Who Is Affected
All shareholders are affected by the lack of financial transparency and the fundamental uncertainties arising from the company's Corporate Insolvency Resolution Process (CIRP).
🔍
Management Signal
The Resolution Professional's statement reflects an ongoing struggle to gain access to basic financial information necessary for regulatory compliance and business operations.
For information only. Not investment advice. ForgeUp is not SEBI-registered.
👁 Watch List - track these upcoming events
Resolution of the appeal before Hon’ble National Company Law Appellate Tribunal (NCLAT).
Updates from the Resolution Professional on securing required financial records.
Any communication regarding the submission date of pending financial results.
HIGH RISK
Company is under CIRP, NCLT rejected resolution plan, and financial records are unavailable.
💡 Investor Takeaway
Setubandhan Infrastructure Limited has failed to submit its Q2 FY27 financial results due to ongoing Corporate Insolvency Resolution Process (CIRP) and the Resolution Professional's inability to access financial records. The NCLT rejected a resolution plan on March 24, 2025, and an appeal is currently pending before NCLAT.
⚖️ Strengths & Concerns
⚠️ Concerns
- Non-submission of unaudited financial results for Q2 FY27 indicates a critical failure in regulatory compliance under SEBI LODR Regulation 33.
- Ongoing Corporate Insolvency Resolution Process (CIRP) and unavailability of financial records to the Resolution Professional highlight severe operational and financial distress.
📅 Company Track Record
No previous filings found for Setubandhan Infrastructure Ltd. This filing indicates that the Corporate Insolvency Resolution Process (CIRP) against the company was admitted by NCLT on November 28, 2022, following an application by State Bank of India.
Based on publicly available historical data. For context only.
❓ Frequently Asked Questions
Why has Setubandhan Infrastructure Limited not submitted its Q2 FY27 financial results?
Setubandhan Infrastructure Limited has not submitted its unaudited financial results for the quarter ended September 30, 2026, due to an ongoing Corporate Insolvency Resolution Process (CIRP) and the unavailability of financial records to the Resolution Professional.
When was Setubandhan Infrastructure Limited placed under Corporate Insolvency Resolution Process (CIRP)?
The Corporate Insolvency Resolution Process (CIRP) application for Setubandhan Infrastructure Limited was admitted by the Hon’ble National Company Law Tribunal, Mumbai Bench, via an order dated November 28, 2022.
What is the current status of the resolution plan for Setubandhan Infrastructure Limited?
A resolution plan for Setubandhan Infrastructure Limited was rejected by the Hon’ble NCLT on March 24, 2025. An appeal against this rejection was filed before the Hon’ble NCLAT on July 09, 2025, and the matter is currently pending adjudication.
Who is the Resolution Professional for Setubandhan Infrastructure Limited?
Sandeep D. Maheshwari was appointed as the Interim Resolution Professional (IRP) and subsequently confirmed as the Resolution Professional (RP) for Setubandhan Infrastructure Limited.
Questions based on this BSE filing only. For information purposes.