Provisional List of Prospective Resolution Applicants for PS IT Infrastructure & Services Limited
PS IT Infrastructure & Services Limited has released a provisional list detailing the applicants who submitted Expressions of Interest (EOI) concerning the company's resolution process. The list outlines the status of various prospective resolution applicants (PRAs), which were collected following the Form-G publication in 'Financial Express Mumbai Edition' and 'Mumbai Lakshdeep Marathi Edition' on May 30, 2026.The provisional data, compiled as of June 22, 2026, includes ten PRAs whose eligibility is currently under verification, alongside two applicants who were categorized as "Included" or rejected based on pre-screening criteria. The Expression of Interest submission deadline was set for June 15, 2026.
The provisional list provides details regarding the constitution and status of each applicant:
| S. No | Name of Applicants | Constitution | Lead Member | Date of receipt of EOI | Eligibility Status | Remarks |
|---|---|---|---|---|---|---|
| 1 | Vivek Kumar Ratakonda | Individual | NA | 15.06.26 | Under verification | Included |
| 2 | S. Bhawarlal | Individual | NA | 13.06.26 | Under verification | Included |
| 3 | Latangi Vyapaar Private Limited & Fortune Global Solutions Pte Ltd | Consortium | Latangi Vyapaar Private Limited | 15.06.26 | Under verification | Included |
| 4 | Ambica Cotseeds Limited | Company | NA | 15.06.26 | Under verification | Rejected because of ineligibility to meet the minimum net-worth criteria |
| 5 | Investments Private Limited | Company | NA | 15.06.26 | Under verification | Included |
| 6 | Prakash Kumar Jain | Individual | NA | 15.06.26 | Under verification | Included |
| 7 | Aikyam Stressed Assets Fund I | Trust | NA | 15.06.26 | Under verification | Included |
| 8 | Resurgent India Limited | Company | NA | 15.06.26 | Under verification | Included |
| 9 | Richway Financial Services Private Limited | Company | NA | 15.06.26 | Under verification | Included |
| 10 | Globaledge Dynamics Private Limited | Company | NA | 15.06.26 | Under verification | Rejected due to non-receipt of EMD up to the due date of 15.06.2026 |
| 11 | Standard Capital Market Limited | Company | NA | 15.06.26 | Under verification | Rejected due to non-receipt of EMD up to the due date of 15.06.2026 |
The provisional list specifies that all PRAs are required to submit any pending undertakings or documents, as specified in the detailed EOI, on or before June 27, 2026.
The resolution professional noted that any objection regarding the inclusion or exclusion of a prospective resolution applicant must be submitted with supporting documentation within five days, meaning by June 27, 2026, from the date of issue of the provisional list.
Stock Price Movement
As of 10:16, shares of PS IT Infrastructure & Services Ltd are ticking down by 1.72%, trading at ₹1.14. The stock is currently locked in a tight range, as the intraday high and low remain identical at ₹1.14.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.
The information provided is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Readers are advised to rely on their own assessment and judgment and consult appropriate financial advisers, if required, before taking any investment-related decisions.
Any views, opinions, or statements expressed, where applicable, are those of the respective analysts or experts and do not reflect the views of this website. The website has no association with such viewpoints and does not assume any responsibility for them.