NSECorporate Insolvency Resolution Process1d ago · 24 Sept 2026, 02:47 pm

Corporate Insolvency Resolution Process

DPSC Limited · DPSCLTD

✦ AI SummaryInsolvency

DPSC Limited, now known as India Power Corporation Limited, is undergoing Corporate Insolvency Resolution Process (CIRP) after an order from the Hon'ble National Company Law Tribunal (NCLT), Hyderabad Bench-1. The company has received a notice from the Serious Fraud Investigation Office (SFIO) to investigate its affairs under Section 212(1)(c) of the Companies Act, 2013, and is cooperating with the investigation.

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Governance Concern5/10
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Balance Sheet Risk6/10
Liquidity Impact2/10
Market Sentiment3/10

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Full Announcement

DPSC Limited has informed the Exchange about Corporate Insolvency Resolution Process regarding Notice for investigation under Section 212 (1)(c) of the Companies Act, 2013 calling of information under Section 217(1) of the Companies Act, 2013 issued by Serious Fraud Investigation Office (SFIO)

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DPSCLTD_24092026144708_IntimationofNotice_MCA_SFIOUnderReg30ofSEBI_LODR__24092026.pdf

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Company under CIRP, Hon’ble NCLT, Hyderabad Bench-I, Order dated 15th May, 2026 Ref: IPCL/SE/LODR/2026-27/IBC Date: 24th September, 2026 The Secretary The Vice President National Stock Exchange of India Limited Metropolitan Stock Exchange of India Ltd Exchange Plaza, Plot No. C/1, G Block Building A, Unit 205A, 2nd Floor, Bandra Kurla Complex Piramal Agastya Corporate Park, Bandra (E), Mumbai- 400 051 L.B.S Road, Kurla West, Mumbai - 400 070 Scrip Symbol: DPSCLTD Scrip Symbol: DPSCLTD Dear Sir(s), Ref: DIN/ 202620250323042Vmf/232 dated 16/09/2026 Sub: Intimation under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 regarding Notice for investigation under Section 212 (1)(c) of the Companies Act, 2013 –calling of information under Section 217(1) of the Companies Act, 2013 issued by Serious Fraud Investigation Office (SFIO) Please note that the Company is currently undergoing Corporate Insolvency Resolution Process (CIRP) vide an order dated 15th May, 2026 of the Hon’ble National Company Law Tribunal (NCLT), Hyderabad Bench-1. Pursuant to Section 17 of the Insolvency and Bankruptcy Code, 2016, the powers of the Board of Directors of the Company stand suspended and are being exercised by the Resolution Professional, Ms. Medarametla Sreenivasa Manoranjani. In terms of Regulation 30 of the SEBI (Listing Obligations and Disclosures Requirements) Regulations, 2015 (‘Listing Regulations’), we would like to inform you that the Company has received a letter on 23rd September, 2026 from The Serious Fraud Investigation Office (SFIO), Ministry of Corporate Affairs (MCA), Government of India, New Delhi wherein MCA in exercise of the powers conferred under Section 212(1)(c) of the Companies Act, 2013, vide order No FNo.CL-II-03/76/20025/O/o-DGCOA-MCA dated 28-10-2025 has ordered SFIO to investigate into the affairs of Gupta Power Infrastructure Limited i.e. the company under investigation (CUI), thereby calling of information under Section 217(1) of the Companies Act, 2013. The Company is extending its cooperation with SFIO during investigation by furnishing the relevant information and documents as required by them. The details as required under the Listing Regulations read with the SEBI Master Circular SEBI/HO/CFD/PoD2/CIR/P/0155 dated 11th November, 2024, as amended from time to time, are enclosed herewith as Annexure A. This is for your kind information and records. Thanking you, Yours faithfully, For India Power Corporation Limited (Under CIRP) MS Mano Ranjani, Resolution Professional for India Power Corporation Limited Regn. No.: IBBI/IPA-001/IP-P00736/2017-2018/11235 AFA No. AA1/11235/02/300627/109371 – valid up to 30 June 2027 Registered Address: Flat No. 122, Vasavi Indraprastha, Street No. 1, Czech Colony, Sanathnagar, Hyderabad – 500018, Telangana, India Email ID : mano3ranjani@gmail.com Email ID for all communications: ipcl.ibc@gmail.com Encl: as above India Power Corporation Limited CIN: L40105WB1919PLC003263 [formerly DPSC Limited] Registered Office: Plot No. X1- 2&3, Block-EP, Sector –V, Salt Lake City, Kolkata – 700 091 ETel.: + 91 33 6609 4308/09/10W, Fax: + 91 33 2357 2452 Central Office: Sanctoria, Dishergarh 713 333, Telephone: (0341) 6600454/457 Fax: (0341) 6600464 : corporate@indiapower.com : www.indiapower.com Company under CIRP, Hon’ble NCLT, Hyderabad Bench-I, Order dated 15th May, 2026 Annexure – A. Information as required under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI Master Circular SEBI/HO/ CFD/ PoD2/ CIR/ P/0155 dated 11th November, 2024 Sr. No. Particulars Details 1. Name of the Authority Serious Fraud Investigation Office (SFIO) Ministry of Corporate Affairs (MCA), Government of India, Hyderabad. 2. Nature and details of the action(s) taken, Investigation into the affairs of the Company u/s 212 initiated or order(s) passed of Companies Act, 2013 – calling of information under Section 217(1) of the Companies Act, 2013. 3. Date of receipt of direction or order, 23rd September, 2026 including any ad interim or interim orders, or any other communication from the authority 4. Details of the violation(s)/ None as per the above referred Notice contravention(s) committed or alleged to be committed 5. Impact on financial, operational or other We are currently reviewing the contents of the Notice activities of the listed entity, and will take all procedural steps, including providing quantifiable in monetary terms to the a timely response to SIFO. There is no impact on the extent possible financial, operational or other activities of the Company. India Power Corporation Limited CIN: L40105WB1919PLC003263 [formerly DPSC Limited] Registered Office: Plot No. X1- 2&3, Block-EP, Sector –V, Salt Lake City, Kolkata – 700 091 ETel.: + 91 33 6609 4308/09/10W, Fax: + 91 33 2357 2452 Central Office: Sanctoria, Dishergarh 713 333, Telephone: (0341) 6600454/457 Fax: (0341) 6600464 : corporate@indiapower.com : www.indiapower.com