Baron Infotech Ltd — Important, 09-01-2026: Company Update

Baron Infotech's Committee of Creditors (CoC) held its sixteenth meeting, where it approved several key actions for the ongoing Corporate Insolvency Resolution Process (CIRP). Decisions included the Resolution Professional's fees and a performance-linked incentive for the Resolution Plan. The CoC also approved obtaining professional indemnity insurance, appointing legal counsel for various filings, and engaging accounting firms to prepare financial statements. Furthermore, the administrative budget for January-March was approved, along with changes to bank signatories and authorization to seek professionals for Company Secretary and Chief Financial Officer roles. These approvals are crucial for the continued management and progress of the CIRP.