Outcome of 2nd CoC meeting held on 14th August 2026

Minutes of 2nd Meeting of Committee of Creditors of M/s. Pradhin Limited held on Friday, 14th August 2026 at 04:00 pm [A Company undergoing Corporate Insolvency Resolution Process under the provisions of Insolvency & Bankruptcy Codes, 2016 (“IBC”)] Rajesh Jasti (I.P. Reg. No: IBBI/IPA-001/IP-P02317/2020-2021/13469 Resolution Professional In the Matter of M/s. Pradhin Limited (Under Corporate Insolvency Resolution Process) email: For Correspondence- ibc.pradhin@gmail.com email: Regd. with IBBI – jastirajeshca@gmail.com MINUTES OF THE SECOND MEETING OF COMMITTEE OF CREDITORS OF PRADHIN LIMITED (UNDERGOING CORPORATE INSOLVENCY RESOLUTION PROCESS) HELD ON FRIDAY, THE 14th DAY OF AUGUST, 2026 AT 04:00 P.M. AT PLOT NO 6, FIRST FLOOR, ROAD NO 2, VASANTH NAGAR NEAR JNTU METRO, KUKATPALLY, HYDERABAD-500085, TELANGANA, INDIA. Time of Commencement : 04:00 PM Time of Conclusion : 05:30 PM PARTICIPANTS: Resolution 1. RAJESH JASTI CHAIRMAN Professional (RP) 2. Theegala Venkateswar Rao RP TEAM MEMBERS OF COMMITTEE OF CREDITORS: Through its TATAD NAYAN Representative: 1. Financial Creditor GAUTAMBHAI Mr. Visani Uday Govindbhai Through its Representative: 2 JAYDEEP BHOSLE Financial Creditor Mr. Valgotar Ravidan Bhupatibhai REPRESENTATIVE OF SUSPENDED BOARD OF DIRECTORS OF PRADHIN LIMITED 1. JAYESH CHANDALA LIST OF MATTERS DISCUSSED/NOTED Item No. 1: The Resolution Professional ("RP") to take the Chair Mr. Rajesh Jasti, Resolution Professional ("RP") appointed in the Corporate Insolvency Resolution Process ("CIRP") of M/s Pradhin Limited ("Corporate Debtor"), took the Chair and declared that the meeting of the Committee of Creditors ("CoC") had been duly convened. The Chairman welcomed the members of the Committee of Creditors and other invitees present at the meeting. Thereafter, the Chairman conducted the roll call and requested all participants attending the meeting, whether in person or through electronic means, to identify themselves for the record. The details of the members of the Committee of Creditors, their authorized representatives, advisors, and other attendees present at the meeting are set out in the Attendance Sheet, which forms an integral part of these Minutes. Item No. 2: To ascertain the quorum of the Meeting in accordance with the provisions of Regulation 22 of the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) Regulations, 2016. The Chairman informed the members that, in accordance with Regulation 22 of the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) Regulations, 2016 ("CIRP Regulations"), the quorum for a meeting of the Committee of Creditors ("CoC") shall be as specified under Regulation 22(1) of the CIRP Regulations. The Chairman further informed the members that the authorized representatives of all the Financial Creditors, constituting 100% of the voting share of the Committee of Creditors, were present at the meeting. Accordingly, the requisite quorum, being not less than thirty-three percent (33%) of the voting share, was duly present, and the quorum requirement under Regulation 22 of the CIRP Regulations stood duly complied with. The Chairman further noted that the quorum was present at the commencement of the meeting and would be maintained throughout the proceedings of the meeting in accordance with the applicable provisions of the CIRP Regulations. The Resolution Professional, along with members of his team, was also present to facilitate and assist in the conduct of the meeting. There being the requisite quorum, the Chairman declared the meeting duly constituted and called the meeting to order. Item No. 3: To take note of the circulation of the Minutes of the 1st CoC Meeting. “The Committee of Creditors took note of the Minutes of its 1st Meeting, as circulated among the members on 1st August 2026. Item No. 4: To take note of the Time Lines Under CIRP. The Chairman informed the members of the Committee of Creditors ("CoC") that, in terms of Section 12 of the Insolvency and Bankruptcy Code, 2016 ("Code"), the Corporate Insolvency Resolution Process ("CIRP") is required to be completed within a period of one hundred and eighty (180) days from the Insolvency Commencement Date ("ICD"), unless such period is extended in accordance with the provisions of the Code. Summary of the key milestones and timelines pertaining to the Corporate Insolvency Resolution Process ("CIRP") upto the date of 2nd CoC Meeting as set out below: Sl. No. Particulars Date 1.0 Commencement of CIRP & Appointment of IRP 02.07.2026 1.1 Order Communicated to IRP by email by Registrar 07.07.2026 2. Public announcement inviting claims in Four News 08.07.2026 Papers – English and Regional Languages (Tamil and & Gujarati) 09.07.2026 3. Last date for receiving of Claims 20.07.2026 4. Verification of claims received under regulation 24.07.2026 12(1) 5. Constitution of COC 25.07.2026 6. Notice of First Meeting of COC 25.07.2026 7. First CoC meeting 31.07.2026 8. Notice of Second Meeting of COC 12.08.2026 9. Second CoC meeting 14.08.2026 The members of the Committee of Creditors ("CoC"), after due deliberations and discussions, took note of the same. Item No. 5: To Take Note of the List of Creditors Prepared by the Resolution Professional The Chairman informed the members of the Committee of Creditors ("CoC") that, in terms of Section 18(1)(b) of the Insolvency and Bankruptcy Code, 2016 ("Code"), it is the duty of the Interim Resolution Professional ("IRP") to receive, collate and verify all claims submitted by the creditors pursuant to the public announcement made under Sections 13 and 15 of the Code read with Regulation 6 of the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) Regulations, 2016 ("CIRP Regulations"). The Chairman further informed the members that, pursuant to the aforesaid provisions, the IRP had received, collated and verified the claims submitted by the creditors and had prepared the List of Creditors, setting out, inter alia, the amounts claimed and the amounts admitted based on the verification carried out as on the relevant date. The members of the Committee of Creditors, after due deliberations, took note of the List of Creditors and the claims admitted by the Interim Resolution Professional. Status of claims as on 14th August 2026 S. Type of Creditor/ Amount Amount No’s No. Employee Claimed Admitted 1 Financial Creditor 2 23,24,00,000 23,24,00,000 Operational Creditor 2 (Other than Workman/ 5 23,41,217 23,41,217 Employee) Total 7 23,47,41,217 23,47,41,217 S. Name of the Amount of Amount Nature of Claim No Creditor Claim Admitted Tatad Nayan 1 Financial Creditor 12,98,00,000 12,98,00,000 Gautambhai Jaydeep 2 Financial Creditor 10,26,00,000 10,26,00,000 Bhosle Operational Creditor (Other 3 MT Agro 7,50,450 7,50,450 than Workman/ Employee) Operational Creditor (Other 4 NSDL 2,80,384 2,80,384 than Workman/ Employee) Operational Income Tax 5 Creditor (Other Department - 8,73,073 8,73,073 than Workman/ ward 5(2) Employee) Operational Income Tax Creditor (Other 6 Department - 12,510 12,510 than Workman/ ward 1(2) Employee) 7. BSE Limited BSE 4,24,800 4,24,800 Total 23,47,41,217 23,47,41,217 Item No. 6: To take note of the actions taken by Resolution Professional from 25.07.2026 to till 12.08.2026 The Summary of actions taken by the Resolution Professional from 25.07.2026 till the date of issue of second notice of CoC (12.08.2026) under various provisions of Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) Regulations, 2016. i. Opening of CIRP Bank Account and Transfer of Balances The Resolution Professional (RP) has opened a new bank account with ICICI Bank at Chennai, being the registered office of the Corporate Debtor, for the purpose of operating and administering the Corporate Insolvency Resolution Process (CIRP). The details of the newly opened CIRP bank accoun [Showing first 8,000 characters — download PDF for full document]