Shivom Investment & Consultancy Ltd. has concluded its Corporate Insolvency Resolution Process (CIRP). The company is now operating under a new management and resolution plan, focusing on new business objects and preparing pending financial statements.
Shivom Investment & Consultancy Ltd. Completes Insolvency Process
Shivom Investment & Consultancy Ltd. has concluded its Corporate Insolvency Resolution Process (CIRP) following an NCLT order on August 18, 2025.
Reader Takeaway: Post-insolvency revival is underway, but audit qualifications pose a concern.
What just happened
The company announced the conclusion of its Corporate Insolvency Resolution Process (CIRP) at its 34th Annual General Meeting held on July 07, 2026. Shivom Investment is now operating under a resolution plan approved by the National Company Law Tribunal (NCLT), Mumbai Bench.
Why this matters
This marks a significant transition for the company, signaling an exit from insolvency and a move towards operational revival under new management. The focus is now on implementing a new business strategy and addressing past compliance issues.
The backstory
The company has been undergoing the CIRP, a process aimed at resolving insolvency. The NCLT's approval of a resolution plan is a critical step for its survival and future operations.
What changes now
New management is at the helm, tasked with reviving the company's operations. A key part of this revival involves focusing on 'new business objects' and preparing pending financial statements.
Risks to watch
Investors should note that the Auditors' Report and the Secretarial Audit Report for the financial year ended March 31, 2024, contained specific observations and qualifications. The details of these findings are available in the Annual Report.
Peer comparison
While the filing does not provide direct peer comparisons, companies emerging from insolvency typically face challenges in regaining market trust and demonstrating consistent financial performance.
Context metrics (time-bound)
The CIRP conclusion date was August 18, 2025, per the NCLT order. The 34th Annual General Meeting was held on July 07, 2026. Audit reports mentioned are for the financial year ended March 31, 2024.
What to track next
Investors should closely monitor the company's progress in defining and executing its new business strategy. Furthermore, the resolution of the issues raised in the audit reports and the finalization of pending financial statements will be crucial indicators of the company's recovery.