Sun Granite Export CIRP Update

Resolution Professional invites formal bids via Form G; process concludes December 18, 2026.

Reader Takeaway: Company is currently non-operational with no recorded assets; future hangs on successful resolution plan submission.

What just happened

Sun Granite Export Limited has moved into the next phase of its Corporate Insolvency Resolution Process (CIRP) by inviting Expressions of Interest (EOI). The Resolution Professional has officially released the timeline for potential bidders to submit their plans, formalizing the search for a way to revive the distressed entity.

Why this matters

The company is essentially a non-operational shell at this stage, reporting zero revenue from operations and no identified fixed assets for the fiscal year 2024-25. With zero employees on the books, the CIRP process will determine whether the company can be restructured or if it must proceed toward liquidation.

The timeline

The bidding process is structured to conclude by year-end:

• Last date for EOI submissions: October 19, 2026.
• Publication of final list of applicants: November 13, 2026.
• Submission of resolution plans: December 18, 2026.

Risks to watch

Investors should note that the company is currently not operational and lacks any tangible assets or registered MSME status. The outcome of the resolution process is highly speculative, and the success of the revival plan remains uncertain at this stage. Any failure to secure a viable resolution plan typically leads to the initiation of liquidation proceedings under the Insolvency and Bankruptcy Code.

What to track next

Stakeholders should watch for the announcement of the 'Final List of Resolution Applicants' on November 13, 2026, followed by the submission of resolution plans on December 18. Any announcements regarding the eligibility or withdrawal of potential applicants will serve as major indicators of the company's future viability.