Kobo Biotech NCLT Approves Beaufond Resolution Plan

NCLT Hyderabad approves Beaufond Industries' resolution plan for Kobo Biotech on May 11, 2026, with a total resolution amount of INR 70.11 crores and post-merger shareholding restructuring.

Kobo Biotech Files Q4 FY26 SEBI Compliance Certificate

Kobo Biotech Limited submitted its quarterly compliance certificate under SEBI Regulation 74(5) for Q4 FY26, confirming proper dematerialization processes through its registrar XL Softech Systems Ltd.

Kobo Biotech confirms non-Large Corporate status

Kobo Biotech Limited confirms it does not fall under SEBI's Large Corporate category as of March 31, 2026, in compliance with regulatory framework for debt securities issuance by large entities.

Kobo Biotech's Committee of Creditors Approves Resolution Process Costs and Professional Fees

Kobo Biotech Limited's Committee of Creditors held its sixth meeting and approved several resolutions with high voting margins. The committee approved costs incurred by Resolution Professional Namrata Randeri from the last meeting with 99.12% voting share, authorizing her to operate bank accounts and manage expenses. Professional fees totaling Rs. 95,500 were ratified with 100% approval, including Rs. 15,000 for advocate M.S. Mano Ranjani for re-filing applications against tax departments, Rs. 40,000 for advocate V.S. Sharma Kollapudi for land document procurement, Rs. 80,500 for operational expenses at Solapur factory maintenance, and Rs. 20,000 additional fees for land building valuation updates. The committee also ratified the extension of time until April 15, 2025 for Prospective Resolution Applicants to submit resolution plans with 99.12% approval. All approved costs will be treated as Insolvency Resolution Process costs.

Kobo Biotech's Committee of Creditors Approves 90-Day Extension for Insolvency Resolution Process

Kobo Biotech Limited's Committee of Creditors held its fifth meeting and approved several key resolutions with 98.86% voting share. The committee approved a 90-day extension for the Corporate Insolvency Resolution Process from February 13, 2025 to May 14, 2025, requiring an application to be filed with NCLT Hyderabad Bench. Other approvals included ratification of expenses incurred by the Resolution Professional up to January 17, 2025, appointment of advocate M.S. Mano Ranjani with fees of Rs. 35,000-45,000 for filing the extension application, and appointment of a process advisor for evaluation of resolution plans. The committee also approved legal action against Commercial Tax Department Telangana to recover Rs. 1.97 crores from asset auction proceeds and ratified extension of time for Prospective Resolution Applicants to submit resolution plans until February 8, 2025. Namrata Randeri serves as the Resolution Professional authorized to operate bank accounts and execute these resolutions.