BSECompany Update1d ago · 21 Jul 2026, 04:08 pm
Setubandhan Infrastructure Limited has informed the Exchange regarding compliances for the Quarter ended on June 30, 2026.
Setubandhan Infrastructure Ltd · 533605
✦ AI Summary▼ NegativeInsolvency
Setubandhan Infrastructure Ltd has informed the Exchange regarding non-submission of shareholding pattern, reconciliation and share capital audit report, compliance certificate from RTA, and investor complaints due to the company being under Corporate Insolvency Resolution Process (CIRP) since November 28, 2022.
Analysis Scores
Earnings Impact5/10
Growth Catalyst2/10
Governance Concern8/10
Regulatory Risk9/10
Balance Sheet Risk8/10
Liquidity Impact4/10
Market Sentiment2/10
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Setubandhan Infrastructure Ltd - 533605 - Corporate Insolvency Resolution Process (CIRP)-Updates - Corporate Insolvency Resolution Process (CIRP)
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SANDEEP D. MAHESHWARI
CA, Insolvency Professional
Reg. No. IBBI/IPA-001/IP-P00640/2017-2018/11093
Email id: setu.cirp@gmail.com
AFA valid up to 31.12.2026
Stress Credit Resolution Private Limited, 807, 8th Floor, B-Wing, East Point, 90 Feet Road,
Ghatkopar East, Mumbai 400086
Date: July 21, 2026
To, To,
The Manager, The Manager,
Listing Department, Listing Department,
National Stock Exchange of India Ltd. BSE Ltd.
Exchange Plaza, Bandra-Kurla Complex, P J Towers, Dalal Street,
Bandra (East), Mumbai - 400 051 Mumbai - 400 001
NSE Symbol: SETUINFRA BSE Scrip Code: 533605
Subject:- Non-Submission of Shareholding Pattern under Regulation 31 of the SEBI
LODR Regulations, 2015; Reconciliation and Share Capital Audit report from PCS
under Regulation 76 of SEBI (D&P) Regulations, 2018; Compliance certificate from RTA
Under Regulation 74 (5) of SEBI (D&P) Regulations, 2018; Investor Complaints under
Regulation 13 (3) SEBI LODR, Regulations, 2015; Integrated Filing – Governance for the
quarter ended June 30, 2026.
Dear Sir/ Madam,
We hereby inform you that the Corporate Insolvency Resolution Process (“CIRP”) application
filed by the State Bank of India in respect of Setubandhan Infrastructure Limited (“Corporate
Debtor”/“CD”) under Section 7 of the Insolvency and Bankruptcy Code, 2016 (“IBC”), was
admitted by the Hon’ble National Company Law Tribunal, Mumbai Bench, vide order dated
November 28, 2022. Pursuant to the said order, the undersigned was appointed as the Interim
Resolution Professional (“IRP”) and subsequently confirmed as the Resolution Professional
(“RP”) by the Committee of Creditors (“CoC”) in its first meeting held on December 28, 2022.
The CoC approved a resolution plan, which was thereafter submitted to the Hon’ble National
Company Law Tribunal, Mumbai Bench. However, vide order dated March 24, 2025, the
Hon’ble NCLT rejected the Resolution Plan. An appeal has been filed before the Hon’ble
National Company Law Appellate Tribunal (“NCLAT”) on July 09, 2025, against the said
rejection order, and the matter is currently pending adjudication.
The company is under CIRP since November 28, 2022. Due to non-payment of the outstanding
fee(s) as demanded by National Securities Depository Limited (“NSDL”), Central Depository
Services Limited (“CDSL”) and Registrar and Transfer Agent (“RTA”) by the erstwhile
management, NSDL, CDSL and RTA have stopped providing Benpos regarding shareholding
of the Company.
SANDEEP D. MAHESHWARI
CA, Insolvency Professional
Reg. No. IBBI/IPA-001/IP-P00640/2017-2018/11093
Email id: setu.cirp@gmail.com
AFA valid up to 31.12.2026
Stress Credit Resolution Private Limited, 807, 8th Floor, B-Wing, East Point, 90 Feet Road,
Ghatkopar East, Mumbai 400086
In view of the above, the Company is not in a position as of now to submit the following
compliances for the quarter ended June 30, 2026.
1. Non-Submission of Shareholding Pattern under Regulation 31(b) of the SEBI (LODR)
Regulations, 2015.
2. Reconciliation and Share Capital Audit report from PCS under Regulation 76 of SEBI
(Depositories and Participants) Regulations, 2018.
3. Compliance certificate from RTA Under Regulation 74 (5) of SEBI (D&P)
Regulations, 2018;
4. Investor Complaints under Regulation 13 (3) SEBI LODR, Regulations, 2015;
Please note that the Company is exempted, pursuant to Regulations 15(2A) and 15(2B) of SEBI
(LODR), 2015, from complying with Regulations 17 to 21 of SEBI (LODR), 2015, as the
Company has been under the CIRP as stated above. Therefore, the Company is not required to
file the Corporate Governance report under Regulation 27 of SEBI (LODR), 2015.
Under the above-mentioned peculiar facts and circumstances, we humbly request you to take
the same on record.
Thanking You,
Yours Sincerely,
For Setubandhan Infrastructure Limited
(Company under Corporate Insolvency Resolution Process)
Sandeep D. Maheshwari
Resolution Professional
Setubandhan Infrastructure Limited
IBBI Regn. No.: IBBI/IPA-001/IP P00640/2017-18/11093
IBBI Regd. Email: ayunish@yahoo.com
Process ID: setu.cirp@gmail.com
Regd. Address: 1503, Bella Vista, Near Oswal Park, Pokhran Road No. 2, Majiwada, Thane,
Maharashtra – 400601.
AFA Validity: 31-Dec-26
SANDEEP D. MAHESHWARI
CA, Insolvency Professional
Reg. No. IBBI/IPA-001/IP-P00640/2017-2018/11093
Email id: setu.cirp@gmail.com
AFA valid up to 31.12.2026
Stress Credit Resolution Private Limited, 807, 8th Floor, B-Wing, East Point, 90 Feet Road,
Ghatkopar East, Mumbai 400086