Jaiprakash Associates Shares Rise 2% as CoC Approves Key Resolutions During CIRP Process

Jaiprakash Associates Limited has disclosed the outcome of the twenty sixth meeting of its Committee of Creditors (CoC), held as part of the company’s ongoing Corporate Insolvency Resolution Process (CIRP).

The approved resolutions relate to operational funding requirements, interim financing arrangements and procedural compliance measures aimed at supporting business continuity during the resolution period.

JAL Outcome of the Committee of Creditors Meeting

The company informed stock exchanges that resolutions placed before the Committee of Creditors were approved through an e-voting process conducted between 20 February 2026 and 25 February 2026. 

The meeting forms part of compliance disclosures under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

All proposed items received creditor approval with voting support of 89.15%, exceeding the required voting thresholds.

JP AssociatesApproval of Budgeted Cash Outflows

The CoC approved and ratified the budgeted cash outflows for the period from 1 January 2026 to 31 March 2026. The approved expenditure is intended to ensure that the company continues operations as a going concern during the insolvency resolution process.

These expenses will be treated as insolvency resolution process costs under the Insolvency and Bankruptcy Code, 2016.

Ratification of Interim Finance Arrangement

Creditors also ratified the availing of a bank guarantee issued by Bhutan National Bank Ltd. The guarantee, backed by a lien on cash balances maintained by the company, was submitted as bid security for the HM and EM packages of the 600 MW Khorlochhu Hydroelectric Project in Bhutan.

The arrangement has been classified as interim finance under relevant provisions of the Insolvency and Bankruptcy Code, with associated costs recognised as insolvency resolution process expenses.

Procedural Ratification by Creditors

The Committee further approved the extension of the interval between the 25th and 26th CoC meetings beyond the standard 30-day period. The ratification was granted in accordance with provisions under Regulation 18(1) of the CIRP Regulations.

Jaiprakash Associates Share Price Performance

Shares of Jaiprakash Associates traded at ₹2.98 during the morning session on 27 February 2026, compared with the previous close of ₹2.92. The stock opened at ₹2.92 and moved within an intraday range of ₹2.91 to ₹3.00.

Read More: What Led to Jaiprakash Associates Insolvency Proceedings?

Conclusion

The approval of operational and financing related resolutions indicates continued progress within the insolvency resolution framework for Jaiprakash Associates. Market participants may monitor further creditor decisions and resolution developments as the CIRP process advances.

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