NPV Insolvency Professionals Private Limited, acting as Deemed Resolution Professional, notified the NSE on 17 August 2026 that the 5th Meeting of the Committee of Creditors of Osia Hyper Retail Limited (NSE:OSIAHYPER), currently under Corporate Insolvency Resolution Process, is scheduled for 18 August 2026 at 4:00 PM IST via video conferencing.
Key Highlights
- The 5th Committee of Creditors meeting for Osia Hyper Retail Limited (In CIRP) was scheduled for Tuesday, 18 August 2026 at 4:00 PM IST via video conferencing.
- The filing was made under Regulation 30 of SEBI (LODR) Regulations, 2015, read with sub-clause 16(g) of Para A of Part A of Schedule III.
- NPV Insolvency Professionals Private Limited, formerly known as Mantrah Insolvency Professionals Private Limited, serves as the Deemed Resolution Professional with IBBI Recognition No. IBBI/IPE/0040.
- The CIRP against Osia Hyper Retail was admitted by the Hon'ble National Company Law Tribunal, Ahmedabad Bench, Court II, with the initial intimation filed on 29 April 2026.
About the Company
Osia Hyper Retail Limited (NSE:OSIAHYPER), headquartered in Gujarat, operates in the consumer retail sector, running hypermarket and retail store formats. The company is listed on the National Stock Exchange of India and carries ISIN INE061R01021. It is currently undergoing the Corporate Insolvency Resolution Process following an NCLT admission order from the Ahmedabad Bench.
Announcement in Detail
The Deemed Resolution Professional, Mr. Janak Jagjivan Shah of NPV Insolvency Professionals Private Limited (CIN: U74994DL2017PTC323615), filed the prior intimation with NSE on 17 August 2026, disclosing that the 5th CoC meeting would be convened on 18 August 2026 at 4:00 PM IST through video conferencing. The disclosure was made in compliance with Regulation 30 of SEBI (LODR) Regulations, 2015.
This meeting follows the admission of the CIRP petition by the NCLT, Ahmedabad Bench, Court II, and the appointment of the Interim Resolution Professional, as first intimated to the exchange on 29 April 2026. The filing noted that further developments would be communicated to the exchange as they arise. The Resolution Professional's AFA validity extends to 31 December 2026.
Impact on Investors
The filing shows that Osia Hyper Retail Limited remains an active CIRP subject before the NCLT. Investors will note that during an ongoing insolvency process, ordinary shareholder rights, including dividend entitlements and voting rights in routine company matters, are subordinated to the resolution framework governed by the Insolvency and Bankruptcy Code, 2016. The disclosed terms indicate that creditor deliberations are progressing, with the CoC now convening its fifth formal meeting.
Shareholders will observe that equity recovery in a CIRP is typically contingent on any resolution plan that is approved by the CoC and subsequently by the NCLT, and the filing does not disclose the agenda or outcome of this particular meeting. The specific risk for existing equity holders, as flagged by the active insolvency proceeding, is that equity claims rank below those of financial and operational creditors under IBC priority rules.
Sector / Market Context
India's organised retail sector has seen financial stress among several mid-sized hypermarket operators over recent years, with the Insolvency and Bankruptcy Code providing a structured resolution mechanism for such cases. According to IBBI quarterly data, the retail and wholesale trade segment has consistently featured among the sectors with active CIRPs admitted before various NCLT benches. The CoC framework under IBC requires creditors holding at least 66% voting share to approve any resolution plan before it proceeds to NCLT for final sanction.