PS IT Infrastructure & Services Ltd to Host Second Committee of Creditors Meeting on June 4, 2026

PS IT Infrastructure & Services Ltd to Host Second Committee of Creditors Meeting on June 4, 2026​

PS IT Infrastructure & Services Limited, currently undergoing the Corporate Insolvency Resolution Process (CIRP), announced the details for the Second Meeting of its Committee of Creditors (CoC). The meeting is scheduled for Thursday, June 4, 2026, at 03:30 PM.

The meeting will be conducted in a Hybrid mode, allowing participation both physically at C-60, 3rd Floor, C-Block Community Centre, Janak Cinema Complex, Janak Puri, New Delhi, and through Video Conferencing.

The company’s Insolvency Commencement Date was April 29, 2026. Rajneesh Kumar Aggarwal, Resolution Professional, is facilitating the process.

Key Stakeholders and Directorship​

The Company's financial structure and management details were noted during the preparations for the meeting.

The financial creditors present at the meeting include the following entities, which collectively hold 100% of the voting rights:


The current directors of PS IT Infrastructure & Services Limited are:

Agenda and Key Resolutions​

The meeting agenda covers several critical corporate actions, including the review of past proceedings, management updates, and crucial financial approvals.

The agenda highlights key discussions and resolutions proposed to the CoC:

List of Matters to be Discussed/Noted:

• The Resolution Professional taking the Chair.
• Ascertaining the quorum for the meeting.
• Adopting the minutes of the First CoC Meeting.
• Taking note of actions taken by the Resolution Professional.
• Updating the committee regarding the resignation letter received from the Chief Financial Officer.
• Ratifying and approving the CIRP costs.
• Approving Interim Finance for 180 Days.
• Taking note of amendments made in the Expression of Interest (EOI) and Form-G.

Proposed Resolutions:

Three major resolutions are placed before the Committee of Creditors for approval:

1. Approval of CIRP Costs: The committee is asked to approve and ratify the Corporate Insolvency Resolution Process (CIRP) costs incurred by the Resolution Professional from the Insolvency Commencement Date up to the date of the Second CoC Meeting.
2. Interim Finance: The committee is asked to accord consent for raising Interim finance of approximately Rs. \\\\\\\\\\\\\\\_ (Rupees \\\\\\\\\\\\ only) for a period of 180 days. This finance aims to meet the CIRP and operational expenses of the Corporate Debtor and maintain it as a going concern.
3. Amendments to EOI and Form-G: The committee is requested to note and approve the amendments made to the Invitation for Expression of Interest (EOI) and Form G.

The meeting is expected to conclude with a Vote of Thanks by the Resolution Professional, unless other matters are raised by the members.

Stock Price Movement​

As of 11:14, shares of PS IT Infrastructure & Services Ltd are ticking down, trading at ₹1.47, which represents a -2.00% drop for the day. The stock is currently locked at this price point, having traded completely flat since the market opened.