TV Vision CIRP: CoC formed, claims at Rs 383.71 cr

What the latest disclosure is about

TV Vision Limited (NSE: TVVISION, BSE: 540083) has informed stock exchanges that it is undergoing a Corporate Insolvency Resolution Process (CIRP) initiated by the National Company Law Tribunal (NCLT), Mumbai Bench - I. Under this process, the company disclosed that its Committee of Creditors (CoC) was constituted on August 22, 2026. It also disclosed that the first CoC meeting was scheduled for Monday, August 31, 2026 at 12:30 PM. The intimation referenced Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The disclosures frame August 2026 as a period focused on formal insolvency process steps and routine stock exchange filings.

CIRP status and the Interim Resolution Professional

The provided material states that the CIRP commenced on July 30, 2026. During CIRP, an Interim Resolution Professional (IRP) manages the process, and TV Vision’s disclosures name Alok Kumar Murarka as the IRP. A corporate notice around the CoC meeting was digitally signed by the IRP on August 29, 2026 at 19:00:04 IST. The filing also referenced Paragraph 16(g) of Part A, Schedule III, alongside Regulation 30, indicating the disclosure was positioned as a compliance update. The excerpts shared do not include any resolution plan, timeline for bids, or other outcomes from the meeting.

Committee of Creditors - key dates and meeting details

TV Vision disclosed that the CoC was formed on August 22, 2026. The first meeting was scheduled for August 31, 2026 at 12:30 PM, and the provided material also describes it as the first CoC meeting held at that time. Beyond confirming the date and time, the excerpts do not provide minutes, agenda papers, or decisions. The information available therefore supports only the process milestones: constitution of the CoC and the convening of its first meeting.

Claims received and admitted under CIRP

TV Vision also disclosed the creditor list and claim amounts received under CIRP. Total claims received were Rs 403.84 crore, while admitted claims were Rs 383.71 crore. The largest secured financial creditor listed is Punjab National Bank, with a claim of Rs 320.64 crore and a 98.19% voting share. The material also mentions Reform ARC Limited with an unsecured claim of Rs 5.91 crore. For operational creditors (other than workmen/employees/government), claims were Rs 76.80 crore, of which Rs 57.17 crore was admitted and Rs 19.63 crore was not admitted.

Board meeting filings on Q1 FY27 unaudited results

Separately, TV Vision disclosed board-meeting updates to BSE related to consideration and approval of unaudited financial results for the quarter ended June 30, 2026. The filings referenced both standalone and consolidated accounts. The excerpts also reference a “board meeting outcome” item for a meeting held on Tuesday, August 18, 2026. However, the provided material does not include the detailed outcome text or the approved numbers from that outcome item. Based on the excerpt alone, the confirmed points are that the company communicated its intention to consider unaudited results for the June 2026 quarter and that a board meeting occurred on August 18, 2026.

Reported quarterly performance detail in the material

The provided material states that TV Vision reported a Q1FY27 standalone loss of Rs 3.62 crore. It also states the loss narrowed from Rs 5.16 crore year-on-year. No revenue, EBITDA, or segment details are included in the excerpt. The text does not provide audited quarterly statements, cash flows, or balance sheet figures. Readers should treat this as a limited snapshot, as only the standalone loss figure and the year-on-year comparison are provided.

Share price snapshots cited in the provided text

The material includes multiple share price references across different timestamps. It states that the share price of TVVISION as on 16 September 2026 is Rs 2.50. It also shows an exchange snapshot of Rs 3.20, down Rs 0.07 (-2.14%), with “BSE: Today, 04:01 PM” noted. Separately, the text includes a Q-and-A line stating the current share price of TV Vision is Rs 3.18. Since these values refer to different times and contexts, they should be read as point-in-time snapshots rather than a single consolidated “latest” price.

Shareholder items mentioned in the excerpts

The excerpts state that shareholders will consider and adopt the audited standalone and consolidated financial statements for the financial year ended March 31, 2026. The meeting will also take up the re-appointment of Ravi Gautam Adhikari as a Director, who retires by rotation and serves as Managing Director. The material also includes a line stating the CEO of TV Vision Ltd is Mr. Ravi Adhikari and attributes to him a plan to expand the company’s renewable energy portfolio. The excerpt provides no further context, supporting disclosures, or timelines linked to that statement.

Key facts table

Market impact and why the disclosures matter

The clearest market-relevant takeaway from the provided material is the confirmation of CIRP milestones and the creditor claim structure. The CoC formation and first meeting timing set the formal governance framework for the insolvency process, particularly because voting share concentration can shape decision-making. Here, Punjab National Bank’s 98.19% voting share is explicitly stated, highlighting a highly concentrated financial creditor position. The share price references in the text indicate the stock has traded at low single-digit levels in rupees, but the excerpts do not link price moves to any specific corporate action or new financial release.

Conclusion

TV Vision’s August 2026 exchange communications, as reflected in the provided material, focus on CIRP process steps, the constitution of its CoC, and disclosure of creditor claims and voting shares. The excerpts also point to board-meeting communications about unaudited Q1 results for the quarter ended June 30, 2026, though the detailed board-meeting outcome is not included in the text provided. The next confirmed milestone mentioned is the first CoC meeting dated August 31, 2026, while further updates would depend on subsequent exchange filings around the CIRP process and any resolution-related decisions.