Teerth Gopicon CoC meet: CIRP cost votes in 2026 summary

Stock snapshot and company identifiers

Teerth Gopicon Ltd’s shares were shown trading on the NSE under the symbol TEER, with the ISIN listed as INE0K6601012. Market data in the provided text shows the stock at 15.55 on 17/09/2026, with the previous close also stated as 15.55. Another price snapshot in the same set of inputs states that, as of 17 Sept 2026, the share price was ₹15.85, with an open at ₹15.85 and a previous close of ₹16.15. A separate screen also shows Current Price ₹16.4 (-1.79%). And another quote block lists 21.00 to 21.55 as the day’s range and 14.80 to 146.50 as the 52-week range.

These price points are presented here as they appear in the source text, without reconciling them into a single “official” close.

First CoC meeting held on 10 September 2026

Teerth Gopicon Limited (also referenced as NSE: TGL in the provided note) held its first Committee of Creditors (CoC) meeting on 10 September 2026 at 02:00 PM. The meeting was conducted through an audio-visual mode. It was chaired by the company’s Interim Resolution Professional (IRP), Mr. Ajit Gyanchand Jain.

The CoC meeting matters because it is part of the Corporate Insolvency Resolution Process (CIRP) framework, where creditors vote on key procedural steps and costs needed to run the process.

What the CoC was asked to vote on

According to the note, the CoC was asked to vote on multiple procedural items and cost approvals. These included ratification of CIRP expenses incurred so far and authorisation of estimated future costs. The agenda also covered debit limits for the IRP/Resolution Professional (RP) with banks. Another item included approval related to IRP remuneration.

The same update also mentions that voting outcomes would be disclosed separately. That indicates the meeting covered approvals in principle, while the final voting results were to be shared through a separate disclosure.

Additional approvals and professional engagements

Beyond the core procedural approvals, the CoC agenda included several support appointments and service costs. The items listed include engagement of a GST/TDS consultant and a forensic audit consultant. Fees for registered valuers were also included in the approval list.

The agenda further mentions fees for an e-voting service provider, which typically supports creditor voting procedures. Another item referenced in the text is an extension of time to hold the Corporate Debtor’s Annual General Meeting (AGM). The note does not provide the length of the extension, only that an extension was sought.

Where the company operates and what it does

Teerth Gopicon Limited is described as providing engineering construction and development services in India. The activities listed include roads, sewerage works, and water distribution works. It also undertakes civil engineering projects such as building construction works, water supply and pipelines, sewerage networks, sewerage treatment plants, nalla tapping work, re-use networks, overhead tanks, GSR, road work, and rejuvenation of lakes.

The company is stated to have been founded in 2009 and is described as being based in Indore, India.

Key contacts and registered addresses mentioned

The provided inputs list multiple location details and contact points. An address shown in Ahmedabad is: 703, Sapath Complex-I, Opp. Rajpath Club, Near Madhur Hotel, Ahmedabad, Gujarat 380054, along with a telephone number shown as 079-9979840806. Another company address shown is 204, Amar Metro Pagnis Paga, Indore, 452007, India, with a phone number listed as +91 73 1406 6086.

For investor communication, the email shown is investor@teerthgopicon.com, and the website is www.teerthgopicon.com.

Leadership and shareholding snapshot provided

A “Top Executives” section in the input lists Maheshbhai Maganbhai Kumbhani as Founder, MD & Director, with “Since: 2023” and “Age: 51”. A board table (last updated Mar 2025) lists Maheshbhai Kumbhani (Managing Director), Chandrikaben Kumbhani (Whole-time Director), and Pallav Kumbhani (Non Executive Independent Director).

A shareholding pattern breakdown (as of Mar 2026) lists: Promoters 63.37%, Public 34.09%, Others 2.54%, and FIIs 0.00%, DIIs 0.00%, Mutual Funds 0.00%.

Market sentiment snapshots shown in the inputs

A “Community Sentiments” panel in the provided text shows 100% BUY, 0% SELL, and 0% HOLD, and states that 100% of moneycontrol users recommend buying. This is presented as a user sentiment indicator from that platform, not as a company statement or a regulated market disclosure.

Separately, another block shows P/E 1.54 and an amount displayed as ₹20.00 Cr (as presented in the input). The source text does not provide the detailed calculation basis for these figures.

Key facts table

Why the CoC agenda matters for investors tracking TEER

The CoC’s focus on ratifying past CIRP expenses, approving future costs, and setting debit limits indicates an effort to formalise the operational mechanics of the insolvency process. The inclusion of forensic, tax-compliance (GST/TDS), and valuation professionals shows the process moving toward documentation, verification, and valuation work that is typically required in CIRP.

The note also makes clear that voting outcomes were to be disclosed separately, which means market participants following the stock would likely watch for the subsequent disclosure for the final approved amounts and authorisations.

Conclusion

Teerth Gopicon’s first CoC meeting on 10 September 2026 covered procedural voting items, CIRP cost approvals, and proposed professional engagements, with outcomes to be shared through a separate disclosure. On the market side, the inputs show TEER trading in the mid-teens in some snapshots, alongside other displayed ranges and figures from different quote panels. The next clear checkpoint indicated by the note is the separate disclosure of voting outcomes, along with any updates on the requested AGM time extension.