Shares of micro-cap infrastructure firm Dharan Infra-EPC witnessed a sharp uptick during Thursday's trading session, locking at a 4% upper circuit. This bullish movement comes directly on the heels of a crucial regulatory filing made by the company concerning the status of its Corporate Insolvency Resolution Process (CIRP).
NCLAT Appeal and Debt Settlement Details
In a filing submitted to the exchanges on Tuesday, the company disclosed significant developments. The suspended board of directors has preferred an appeal before the National Company Law Appellate Tribunal (NCLAT). More importantly, the company revealed a critical financial resolution. During the claim verification period outlined by the Insolvency and Bankruptcy Board of India, Dharan Infra-EPC, referred to as the Corporate Debtor, reached a one-time settlement with its original financial creditor, Tata Capital Housing Finance Limited.
The filing stated that all outstanding dues were fully settled on December 31, 2025. Following this development, the NCLAT, after reviewing the facts, issued an order on January 6, 2026. The tribunal directed the Interim Resolution Professional (IRP) to take appropriate legal steps, which include approaching the National Company Law Tribunal (NCLT) Mumbai Bench with an application under Section 12A of the Insolvency and Bankruptcy Code, 2016.
Implications of the NCLAT Order and Next Steps
The NCLAT's order has provided clear interim instructions. It has directed the IRP to collate all claims received during the CIRP period. Furthermore, the appellate tribunal clarified that no further actions shall be undertaken in the CIRP for the time being. In compliance, the IRP has already initiated the process of applying Section 12A before the NCLAT. The objective of this application is to seek the withdrawal of the original insolvency petition that was filed under Section 7 of the Code.
Dharan Infra-EPC Share Price Performance Analysis
The stock's recent performance paints a picture of volatility. On a short-term positive note, the scrip has been on a bull run for the past five consecutive sessions, rallying as much as 20%. However, a broader look reveals significant pressure. Reflecting weak broader market sentiments, the share price has declined by 22% over the past month and has plunged 43% in the last six months.
Dharan Infra-EPC shares are exclusively listed on the National Stock Exchange (NSE). The stock's 52-week journey shows extreme fluctuations. It touched a high of ₹1.72 per share on January 14, 2025, and subsequently fell to a low of ₹0.21 on January 5, 2026, highlighting its highly speculative nature as a penny stock.
Disclaimer: This news article is for informational and educational purposes only. Readers are strongly advised to consult with a qualified investment advisor before making any financial decisions.
