Dhruv Wellness Ltd Committee of Creditors Approves CIRP Costs and Reviews Six Resolution Plans
The Committee of Creditors (CoC) of M/s. Dhruv Wellness Limited held its Ninth Meeting on January 8, 2026, conducting a thorough review of the ongoing Corporate Insolvency Resolution Process (CIRP). The meeting included various financial creditors and team members of the Resolution Professional (RP). Key outcomes centered around the ratification of CIRP expenses and the detailed examination of six submitted resolution plans.CIRP Costs Approved
One major decision ratified by the CoC was the approval and ratification of the costs incurred by the Resolution Professional up to January 10, 2026. The total approved CIRP cost amounted to ₹18,88,346. This expense covers diverse operational items, including auditor fees, RP fees for various months, legal counsel expenses related to filing applications (IA), and valuation activities.Details of the approved CIRP expenses are summarized below:
| Particulars | Amount |
|---|---|
| Total CIRP Expenses incurred by RP up to 10/01/2026 | ₹18,88,346 |
Resolution Plans Status and Review
The RP informed the CoC members that while two resolution applicants had withdrawn their submissions, six Prospective Resolution Applicants (PRAs) submitted comprehensive plans. The PRAs include Alchemy Solutions, Arunum Agrii Products, Deepak Kabra & Kailash Kabra, M/s. Barouliya Fragrancia Pvt. Ltd. with Rajesh Barouliya and Vineet Mittal, Natesh Consultancy Private Limited and Sarvottam Décor Private Limited, and Thanvir Bros. Pvt Ltd.During the meeting, all sealed plans were opened for preliminary discussion. The RP advised that an independent compliance review of these plans would be necessary. In response to the need for expert verification, quotations were sought from external professionals; Mr. Divyansh Goyal provided the lowest quote at ₹35,000 per plan.
The plans were examined individually by the CoC members. Key financial proposals from the applicants included:
- Alchemy Solutions: Proposed a total value of ₹4,21,70,981/-, which included ₹4,00,00,000/- for Financial Creditors and ₹6,65,697/- for Government Authorities.
- Arunum Agrii Products: Proposed allocated sums totaling ₹5,15,52,000/- to secured financial creditors and earmarked Rs. 48,89,000.00 for working capital infusion.
- Barouliya Fragrancia Private Limited with Rajesh Barouliya & Vineet Mittal: Proposed a total plan value of ₹5,55,00,000/-, allocating ₹5,22,00,000/- to Secured Financial Creditors and including a contingency amount of ₹1,00,000/-.
Key Resolutions Passed and Voting Outcomes
The CoC members deliberated on several crucial resolutions across both Phase-I and Phase-II voting rounds. The outcomes are summarized below:CIRP Period Extension
A proposal was put forward to extend the CIRP period by a further 60 days. This resolution, which tracked the process from the initial order of initiation (February 18, 2025) through previous extensions and exclusions, received approval from members holding 97.23% of the voting share.
Financial Resolutions
| Resolution Topic | Approved/Rejected Status | Key Financial Details | Voting Outcome Summary |
|---|---|---|---|
| Approval of CIRP Costs | Approved | Total amount: ₹18,88,346 | 98.55% in favor (Phase-II) |
| Refund of EMD to Withdrawn Applicants | Approved | Authorized the RP to refund EMDs. | 98.55% in favor (Phase-II) |
| Liquidation of Corporate Debtor | Rejected | Estimated total liquidation cost: ₹15,00,000; Liquid assets were NIL. | 98.55% voted against (Phase-II) |
| Approval of Compromise or Arrangement | Rejected | N/A | Consensus was negative (Phase-II) |
Resolution Plan Voting
The viability of the six submitted plans was assessed, and subsequent votes were conducted on each one:
- Alchemy Solutions: The plan was rejected by 98.55% of the voting share.
- Arunum Agrii Products: The plan was rejected by 98.55% of the voting share.
- Deepak Kabra & Kailash Kabra: The plan received approval from members with 1.32% of the voting share but was rejected by other creditors in Phase-II.
- Barouliya Fragrancia Pvt. Ltd.: This resolution was approved, receiving support from Axis Bank Limited (55.81%), State Bank of India (41.42%), and Dhani Loans and Services Ltd. (1.32%).
- Natesh Consultancy & Sarvottam Décor: The plan was rejected by members with 97.23% of the voting share.
- Thanvir Bros. Pvt. Ltd.: The plan was rejected, according to CoC votes.
Next Steps and Professional Appointments
The meeting also addressed ancillary matters, including the necessity for filing an Interlocutory Application (IA) regarding PUFE transactions before the NCLT, which is associated with professional fees of ₹50,000 per IA and ₹20,000 per hearing. Furthermore, members approved the appointment of Mr. Divyansh Goyal to check compliance for the top three highest-ranked Revised Resolution Plans at a fee not exceeding ₹35,000 per plan.Stock Price Movement
Dhruv Wellness Ltd settled at ₹4.58 on Monday, having shed 4.78% in shares. The stock traded completely flat, with its intraday high and low locked precisely at ₹4.58.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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