OPTOCIRCUIOPTOCIRCUINSE
NCLT approves Shirley Mathew-led firm as Opto Circuits’ new resolution professional
As filed · Opto Circuits (India) Limited has informed the Exchange about replacement of the Resolution Professional and appointment of M/s. Waterfall Insolvency Professional Private Limited, represented by Ms. S
DistressLowmateriality 38 out of 100
What happened
FactThe Bengaluru NCLT approved M/s Waterfall Insolvency Professional Private Limited, represented by designated director Ms. Shirley Mathew, as Opto Circuits’ new resolution professional. It replaces Mr. Pankaj Srivastava, following a 78.62% CoC vote at its 39th meeting held on 14 July 2026.
Why it matters
CapitSignal interpretationOnce an insolvency process is admitted, control of the company passes from the board to a resolution professional and equity ranks last in any recovery.
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Fact- Admission or rejection of the application by the tribunal
- Appointment of a resolution professional
- Claims admitted against the company
Evidence
How CapitSignal classified this
- Reasoning:
- The change in resolution professional alters the administrator responsible for conducting Opto Circuits’ ongoing CIRP, which has been in effect since 16th November 2022. The filing does not disclose any change to the company’s resolution outcome or creditor recoveries.
- Matched on:
- the filing's own subject line
- Confidence in the event type:
- 90%