Dharan Infra-EPC Ltd (DHARAN) Announcements - Latest Exchange Filings with AI Summaries
Latest corporate announcements filed by Dharan Infra-EPC Ltd on NSE and BSE, with an AI summary of each filing.
List of Creditors as on 21.10.2026
Others (Uncategorized) · 03 Nov 2026, 11:28 pm
Dharan Infra-EPC Submits List of Creditors Under Ongoing CIRP Dharan Infra-EPC Limited (formerly KBC Global Limited and Karda Construction Limited), currently undergoing Corporate Insolvency Resolution Process (CIRP), disclosed its list of creditors as on 21st Oct'26 filed with the NCLT, Mumbai Bench. The admitted creditors include LIC Housing Finance Ltd., Canara Bank, Central Bank of India, Global Focus Fund, and financial creditors in class representing home buyers.
Intimation of 1st meeting of Committee of Creditors to be held on 30th October, 2026
Others (Uncategorized) · 26 Oct 2026, 8:37 pm
Dharan Infra-EPC Schedules First Committee of Creditors Meeting for CIRP Approvals Dharan Infra-EPC Limited (under CIRP) has scheduled the first meeting of its Committee of Creditors (CoC) for 30th Oct'26. The meeting agenda includes presenting a business update, seeking approval for Corporate Insolvency Resolution Process (CIRP) costs, and discussing the formal appointment of a Resolution Professional, as disclosed under SEBI LODR regulations by Interim Resolution Professional Palak Swapnil Desai.
Copy of order dated October 16,2026 issued by NCLAT
Others (Uncategorized) · 19 Oct 2026, 8:51 pm
NCLT Rejects CIRP Withdrawal Application for Dharan Infra-EPC Limited NCLT Mumbai Bench rejected Section 12A withdrawal applications filed by the IRP and suspended director for Dharan Infra-EPC Limited, despite a full settlement of Rs. 10 Crore with original petitioner Tata Capital Housing Finance Limited. The tribunal ruled that post-admission CIRP constitutes proceedings in rem, noting substantial outstanding claims of approximately Rs. 600 Crore received from multiple intervenor financial creditors, including LIC Housing Finance and Canara Bank. Consequently, the tribunal ordered the continuation of the collective resolution process over individual settlements.
Copy of order dated October 16,2026 issued by NCLAT
Others (Uncategorized) · 19 Oct 2026, 8:49 pm
NCLT Rejects CIRP Withdrawal for Dharan Infra-EPC Despite Tata Capital Settlement NCLT Mumbai dismissed applications seeking withdrawal of CIRP against Dharan Infra-EPC Ltd under Section 12A of the IBC. Tata Capital Housing Finance settled its defaulted claim of Rs 28.05 Cr for Rs 10 Cr and filed Form FA prior to CoC constitution. However, six financial creditors intervened to oppose withdrawal, citing total claims aggregating ~Rs 600 Cr against the corporate debtor. The tribunal ruled that insolvency proceedings are *in rem* and cannot be terminated via individual settlement without addressing substantial outstanding debt across all creditors.
Disclosure regarding order dated October 16,2026 passed by Hon''ble NCLT ,Mumbai branch
Others (Uncategorized) · 19 Oct 2026, 7:55 pm
NCLT Rejects CIRP Withdrawal Plea for Dharan Infra-EPC The NCLT Mumbai Bench, vide order dated 16th Oct'26, dismissed an application seeking withdrawal of the Corporate Insolvency Resolution Process (CIRP) against Dharan Infra-EPC Limited. The withdrawal application was initially filed following a settlement with creditor Tata Capital. Consequently, the company confirmed that the CIRP proceedings will continue under the provisions and timelines of the Insolvency and Bankruptcy Code, 2016.
Update regarding ongoing submission
Others (Uncategorized) · 23 Aug 2026, 5:31 pm
Dharan Infra-EPC: Suspended Management Fails to Cooperate with SEBI Investigation Dharan Infra-EPC Limited (under CIRP) informed exchanges on 22 Aug'26 that its suspended Directors, Key Managerial Personnel, and Statutory Auditor have failed to provide required information for an ongoing SEBI investigation. This non-compliance persists despite repeated summons and reminders from the regulator. The company, currently undergoing insolvency proceedings, cited this as a key update regarding the investigation, committing to further disclosures on material developments. This indicates significant governance and compliance issues with potential regulatory repercussions.
Company hereby informs regarding the process of responding to the information and data sought by SEBI
Others (Uncategorized) · 17 Aug 2026, 11:52 pm
Dharan Infra-EPC Discloses Ongoing SEBI Investigation, Seeks Further Extension Dharan Infra-EPC, currently under CIRP, disclosed an ongoing SEBI investigation into its affairs prior to the insolvency process. SEBI had issued summons to Directors and KMP in May'26 and Jun'26 for information. The suspended Board and KMP have only partially submitted the required data, having sought multiple extensions. As of 17 Aug'26, they have requested another seven-day extension from SEBI to provide the remaining information. The company will continue to update the exchanges on material developments.
We hereby submit resignation of Mrs Prachi Sakpal , Independent director of the company
Change in Management · 08 May 2026, 11:09 pm
Dharan Infra-EPC Director Prachi Sakpal Resigns Dharan Infra-EPC Limited (NSE: KBCGLOBAL) announced the resignation of Independent Director Prachi Aditya Sakpal, effective 8th May'26. The company filing cited personal commitments and an inability to devote sufficient time as the reason for her departure. The resignation letter confirmed there were no other material reasons for the decision. Sakpal also stated she holds no other directorship or committee positions in any other company. This change in key management personnel follows the company's recent name change from KBC Global Limited.
We hereby submit resignation submitted by Mrs Prachi Sakpal, Independent director
Change in Management · 08 May 2026, 11:02 pm
Dharan Infra-EPC Independent Director Resigns Dharan Infra-EPC (KBCGLOBAL) announced the resignation of Independent Director, Mrs. Prachi Aditya Sakpal, effective from 8 May'26. The resignation is attributed to personal commitments and an inability to devote sufficient time. The company confirmed there are no other material reasons for her departure. Mrs. Sakpal has also confirmed that she does not hold any directorship or committee positions in any other company. This represents a change in the company's board composition.
Unaudited financials for the second quarter and half year ended 30th September,2025
Financial Result · 07 Mar 2026, 2:55 am
DHARAN INFRA-EPC LIMITED - Financial Result for the Quarter ended 30th Sep'25 (Consolidated, INR Lacs) ■ Revenue: 350 (-43.6% YoY | +2999.7% QoQ) ■ EBITDA: -149 (-558.8% YoY | +82.4% QoQ) ■ EBITDA Margin (%): -42.7 (-3902 bps YoY | +747293 bps QoQ) ■ PAT: -419 (-878.6% YoY | +49.8% QoQ) ■ EPS (INR): -0.02 (+60.0% YoY | Profit to Loss QoQ) DHARAN INFRA-EPC LIMITED - Financial Result for the Quarter ended 30th Sep'25 (Consolidated, INR Lacs) Segmental Performance Real Estate ■ Revenue: 304 (-51.0% YoY | +2593.1% QoQ) ■ EBIT: 408 (-44.6% YoY | Loss to Profit QoQ) ■ EBIT Margin (%): 134 (+1532 bps YoY | Loss to Profit QoQ) Investment (Subsidiary) ■ Revenue: 45.9 (-69.5% YoY) ■ EBIT: -65.4 (Profit to Loss YoY | -127.6% QoQ) ■ EBIT Margin (%): -143 (Profit to Loss YoY) Civil Contracting Business ■ Revenue: 0.0 ■ EBIT: -0.0 (Profit to Loss YoY | Profit to Loss QoQ) ■ EBIT Margin (%): 0.0
Copy of order passed by NCLAT dated 06.01.2026
Others (Uncategorized) · 20 Jan 2026, 9:02 pm
Dharan Infra-EPC to Withdraw from Insolvency After Settling with Tata Capital Dharan Infra-EPC Limited is set to exit Corporate Insolvency Resolution Process (CIRP) after settling all outstanding dues with financial creditor Tata Capital Housing Finance Limited on 31-Dec-'25. Following the settlement, the National Company Law Appellate Tribunal (NCLAT), via its order on 06-Jan-'26, stayed further CIRP actions. The Interim Resolution Professional (IRP) has been directed to file for withdrawal of the insolvency application under Section 12A of the IBC. This move resolves a significant corporate overhang and signals a return to operational normalcy.
Company had paid the entire outstanding with Tata Capital Housing Finance Limited
Others (Uncategorized) · 07 Jan 2026, 12:45 am
Dharan Infra-EPC Settles with Creditor, Seeks Insolvency Withdrawal Dharan Infra-EPC Limited has settled all outstanding dues with its financial creditor, Tata Capital Housing Finance Limited, as of 31 Dec'25. Following this one-time settlement, the National Company Law Appellate Tribunal (NCLAT) on 06 Jan'26 directed the Interim Resolution Professional (IRP) to file for the withdrawal of the Corporate Insolvency Resolution Process (CIRP) under Section 12A of the Insolvency and Bankruptcy Code. The IRP has initiated the withdrawal application with the NCLT, Mumbai Bench. CIRP actions are currently stayed.
Company had paid the entire outstanding with Tata Capital Housing Finance Limited
Others (Uncategorized) · 07 Jan 2026, 12:44 am
Dharan Infra-EPC Reaches One-Time Settlement with Tata Capital Dharan Infra-EPC Ltd (formerly KBC Global) has cleared its entire outstanding amount with Tata Capital Housing Finance via a One-Time Settlement (OTS) on 31 Dec'25. This move is part of the company's broader effort to restructure its finances and regularize obligations. Management highlighted the settlement as a positive step for its balance sheet and credibility. While certain other loans remain classified as default, the company states they are fully secured by collateral valued at approximately double the principal amount, mitigating financial risk.
Stay order being issued by Hon''ble NCLAT by its order dated Jan 6,2025
Others (Uncategorized) · 07 Jan 2026, 12:18 am
Dharan Infra-EPC Settles with Creditor, Seeks Insolvency Withdrawal Dharan Infra-EPC Limited has cleared all outstanding dues with its financial creditor, Tata Capital Housing Finance, via a one-time settlement on 31 Dec'25. Following this, the National Company Law Appellate Tribunal (NCLAT) issued an order on 06 Jan'26, directing the Interim Resolution Professional (IRP) to file for the withdrawal of the Corporate Insolvency Resolution Process (CIRP) under Section 12A of the Insolvency and Bankruptcy Code. The NCLAT has also directed that no further actions be undertaken in the CIRP proceedings.
Submission of Scrutinizer''s consolidated report on remote e-voting and e-voting conducted during the AGM
Annual General Meeting · 30 Dec 2025, 8:11 pm
Dharan Infra-EPC AGM: Shareholders Approve FY25 Financials Amid Insolvency Process At its AGM on 29 Dec'25, Dharan Infra-EPC shareholders approved the FY25 financial statements with 99.48% of votes in favor. Due to the ongoing Corporate Insolvency Resolution Process (CIRP), resolutions for director reappointment, secretarial auditor appointment, and cost auditor remuneration were not considered. The resolution to adopt audited standalone and consolidated financials was the only one put to a vote, receiving total support of 7,25,72,978 shares, while 3,76,886 shares (0.51%) voted against it.
Proceedings of the annual general meeting of the company held on today ie 29th December 2025
Annual General Meeting · 29 Dec 2025, 6:28 pm
Dharan Infra-EPC Conducts AGM Amidst Corporate Insolvency Proceedings Dharan Infra-EPC held its 18th AGM on 29th Dec'25, conducted by an Interim Resolution Professional due to the company's ongoing Corporate Insolvency Resolution Process (CIRP), which commenced on 12th Dec'25. The powers of the Board of Directors remain suspended under the Insolvency and Bankruptcy Code. Key agenda items included the adoption of audited standalone and consolidated financial statements for the year ended 31st Mar'25. Voting results from the e-voting process will be submitted to the stock exchanges in due course.
Letter issued by Registrar of Companies, Mumbai granting extension till three months for holding Annual General Meeting of the company
Annual General Meeting · 23 Dec 2025, 6:45 pm
Dharan Infra-EPC Secures 3-Month Extension for FY25 Annual General Meeting Dharan Infra-EPC (NSE: DHARAN) has received approval from the Registrar of Companies, Mumbai, for a three-month extension to hold its Annual General Meeting (AGM) for the financial year ended Mar'25. The approval, granted on 18th Sep'25, extends the deadline to 31st Dec'25. Consequently, the company has scheduled its 18th AGM for 29th Dec'25 and will issue the formal notice on 05th Dec'25. This delay pushes back the timeline for shareholder approvals and discussions on the company's annual performance.
Dharan Infra-EPC Limited has informed the exchange about Corporate Insolvency Resolution Process
Others (Uncategorized) · 20 Dec 2025, 9:21 pm
Dharan Infra-EPC Enters Corporate Insolvency Resolution Process The National Company Law Tribunal initiated a Corporate Insolvency Resolution Process for Dharan Infra-EPC Limited (formerly Karda Constructions & KBC Global) on 12th Dec'25. Palak Swapnil Desai has been appointed as the Interim Resolution Professional. Creditors are required to submit their claims with proof by 26th Dec'25. Financial creditors must submit claims electronically. The estimated closure date for the insolvency resolution process is 10th Jun'26. Three insolvency professionals have been identified to act as Authorised Representatives for classes of creditors.
Dharan Infra-EPC Limited has informed about the exchange about Corporate Insolvency Resolution Process
Others (Uncategorized) · 20 Dec 2025, 9:13 pm
NCLT Admits Dharan Infra-EPC for Insolvency on Tata Capital's Plea The NCLT Mumbai Bench admitted Dharan Infra-EPC Limited for corporate insolvency resolution process (CIRP) on 12 Dec'25, following a petition by Tata Capital Housing Finance. The petition, filed under Section 7 of the IBC, cited a default of ₹28.04 crore. The tribunal established the date of default as 07 Feb'23, the date the account was classified as an NPA. The Corporate Debtor's acknowledgements and settlement proposals affirmed the debt and default. Mrs. Palak Swapnil Desai has been appointed as the Interim Resolution Professional.
Company has considered and approved financials for quarter ended on June 30,2025
Financial Result · 10 Dec 2025, 3:59 am
Dharan Infra-EPC (KBC Global) Reports Q1 FY26 Results Amidst Auditor Concerns Dharan Infra-EPC Limited (formerly KBC Global) announced its unaudited financial results for the quarter ended 30th Jun'25, reporting a standalone net loss of ₹753.21 lakhs compared to a loss of ₹1,530.04 lakhs YoY. Total standalone income declined significantly to ₹91.26 lakhs from ₹1,049.68 lakhs in the same quarter last year. On a consolidated basis, the company posted a net loss of ₹835.83 lakhs against a loss of ₹1,540.95 lakhs YoY, while total consolidated income fell to ₹108.38 lakhs from ₹1,049.68 lakhs YoY. The statutory auditors issued a qualified opinion and highlighted several "Other Matters," including significant losses, non-operational construction sites, improper use of funds raised via Foreign Currency Convertible Bonds (FCCBs), delays in statutory payments, and non-repayment of borrowings, which create material uncertainty about the company's ability to continue as a going concern.
The Board of Directors of the Company at their meeting held today i.e. December 9, 2025 duly approved and took on record the Unaudited Standalone and Consolidated Financial Results for ....
Others (Uncategorized) · 10 Dec 2025, 3:54 am
KBC Global Reports Q1 FY26 Financial Results Amidst Auditor's Qualified Opinion On 9th Dec'25, the Board of Directors of Dharan Infra-EPC Limited (formerly KBC Global Limited) approved the unaudited standalone and consolidated financial results for the quarter ended 30th Jun'25. On a consolidated basis, the company reported a total income of INR 108.38 lakhs and a net loss after tax of INR 835.83 lakhs. This compares to a total income of INR 1,049.68 lakhs and a net loss of INR 1,540.95 lakhs in the same quarter of the previous year. The statutory auditors issued a qualified opinion, highlighting significant concerns including the improper end-use of funds raised from Foreign Currency Convertible Bonds, non-compliance with FEMA regulations, considerable delays in loan repayments, and irregularities in paying statutory dues. These factors, along with significant operational losses and non-operational construction sites, create material uncertainty about the company's ability to continue as a going concern.
Annual report for FY 2024-2025
Others (Uncategorized) · 06 Dec 2025, 4:26 am
Dharan Infra-EPC Reports FY25 Financials and Announces 18th Annual General Meeting Dharan Infra-EPC Limited (formerly KBC Global Limited) reported a consolidated net loss of ₹3,827.77 lakhs for the financial year ending 31st Mar'25, compared to a loss of ₹3,657.48 lakhs in the previous year. Consolidated total revenue for FY25 stood at ₹2,299.14 lakhs, down from ₹4,815.88 lakhs in FY24. On a standalone basis, the company recorded a net loss of ₹3,943.69 lakhs on total revenue of ₹2,003.73 lakhs. Operationally, the company handed over 118 residential and commercial units and its subsidiary secured a US$20 million subcontract in East Africa. The 18th Annual General Meeting (AGM) will be held virtually on 29th Dec'25. The cut-off date for member eligibility is 22nd Dec'25, with the e-voting period scheduled from 25th Dec'25 to 28th Dec'25.
Appointment of Secretarial and cost auditor
Change in Auditor · 05 Dec 2025, 11:39 pm
Dharan Infra-EPC Appoints New Secretarial and Cost Auditors Dharan Infra-EPC Limited's Board of Directors, in a meeting on 5th Dec'25, has appointed Ms. Bhavika Ghuntla of M/s BYG & Associates as the Secretarial Auditor for a five-year term. Additionally, M/s PRO & Associates, a Cost Accountant Firm, has been appointed as the Cost Auditor for the financial year 2025-2026. These appointments were made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
INTIMATION UNDER REGULATION 30 OF THE SEBI (LISTING OBLIGATIONS & DISCLOSURE REQUIREMENTS) REGULATIONS, 2015
Others (Uncategorized) · 05 Dec 2025, 11:37 pm
Dharan Infra-EPC Appoints New Secretarial and Cost Auditors Dharan Infra-EPC Limited's Board of Directors has approved key auditor appointments in its meeting on 5th Dec'25. Ms. Bhavika Ghuntla of M/s BYG & Associates has been appointed as the Secretarial Auditor for a five-year term. Additionally, M/s PRO & Associates, a Cost Accountant Firm, has been appointed as the Cost Auditor for the fiscal year 2025-2026.
Notice is hereby given for 18th Annual general meeting of the company
Annual General Meeting · 05 Dec 2025, 10:23 pm
Dharan Infra-EPC Limited Announces 18th Annual General Meeting and E-Voting Schedule Dharan Infra-EPC Limited will hold its 18th Annual General Meeting (AGM) on Mon, 29th Dec'25, at 12:30 p.m. IST via Video Conferencing (VC). The agenda includes adopting the audited financial statements for FY 2024-2025, the re-appointment of Mr. Naresh Karda as a Director, the appointment of M/s. BYG & Associates as Secretarial Auditors for a five-year term from FY 2025-26 to FY 2029-30, and the ratification of remuneration of ₹65,000 for M/s PRO & Associates as Cost Accountants for FY 2025-2026. The cut-off date for determining member eligibility to vote is Mon, 22nd Dec'25. The remote e-voting period will commence on Thu, 25th Dec'25, and conclude on Sun, 28th Dec'25. The Annual Report for FY 2024-2025 will be sent electronically and made available on the company's website.