Cian Healthcare Ltd — Updates, 24-05-2025: Company Update

Cian Healthcare Limited has announced a board meeting to consider the financial results for the quarter and half-year. Separately, its wholly owned subsidiary, Dr. Smiths Biotech Private Limited, has been admitted into the Corporate Insolvency Resolution Process (CIRP) following a petition by Small Industries Development Bank of India (SIDBI). The insolvency process was initiated due to defaults on sanctioned credit facilities totaling Rs. 14.60 Cr term loan and Rs. 20 lakh soft loan. An Interim Resolution Professional has been appointed to manage the subsidiary’s operations during CIRP, which includes a moratorium on recovery actions and asset transfers. This development impacts the subsidiary’s business continuity and financial stability.