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) over default on loans totaling Rs. 14.6 Cr term loan and Rs. 20 lakh soft loan. The National Company Law Tribunal appointed an Interim Resolution Professional to manage operations during CIRP, triggered by sustained non-payment despite prior restructuring and recall notices. This development signals financial stress in the subsidiary, which may impact the parent company’s outlook.