Penny stock under Re 1 hit upper circuit after company cleared entire one-time settlement with Tata Capital Housing Finance

DSIJ Intelligence-1Categories: Penny Stocks, Trendingjoin us on whatsappfollow us on googleprefered on google

Penny stock under Re 1 hit upper circuit after company cleared entire one-time settlement with Tata Capital Housing Finance

Dharan Infra-EPC Limited (formerly KBC Global Limited) has reached a significant milestone in its Corporate Insolvency Resolution Process (CIRP) by entering into a One-Time Settlement (OTS) with its primary financial creditor, Tata Capital Housing Finance Limited.

Dharan Infra-EPC Limited (formerly KBC Global Limited) has reached a significant milestone in its Corporate Insolvency Resolution Process (CIRP) by entering into a One-Time Settlement (OTS) with its primary financial creditor, Tata Capital Housing Finance Limited. On December 31, 2025, the company successfully cleared its entire outstanding dues. This settlement led the National Company Law Appellate Tribunal (NCLAT) to stay further insolvency actions and direct the Interim Resolution Professional (IRP) to file for a formal withdrawal of the insolvency proceedings under Section 12A of the Insolvency and Bankruptcy Code.

The successful resolution of this debt is expected to strengthen the company’s balance sheet and restore credibility among its stakeholders. By resolving the primary catalyst of the CIRP, Dharan Infra-EPC aims to exit the insolvency framework and return to normal operations. The company has emphasised that this move provides a foundation for improved financial discipline and long-term growth readiness, signalling a shift from legal restructuring to operational stabilisation.

Regarding its remaining liabilities, the company clarified that while some loans are still classified under default, they are fully secured by collateral valued at approximately double the principal outstanding amount. This high collateral coverage ratio is intended to reassure lenders and investors that the company's financial integrity remains protected. Moving forward, the IRP is focusing on collating existing claims while the formal application for withdrawal of the Section 7 petition is processed by the NCLT Mumbai Bench.

DSIJ's Penny Pick handpicks opportunities that balance risk with strong upside potential, enabling investors to ride the wave of wealth creation early. Get your service brochure now

About the Company

Dharan Infra-EPC Ltd (formerly known as KBC Global Ltd), established in 2007, focuses on Real Estate Construction, development, and civil contracts (EPC). The company primarily builds residential and commercial projects but has recently expanded into large-scale infrastructure like Railways, roads, bridges, and ports, and even renewable energy through Dharan Infra Solar Pvt Ltd.

On Thursday, shares of Dharan Infra-EPC Ltd (formerly known as KBC Global Ltd), hit a 5 per cent Upper Circuit to Re 0.26 per share from its previous closing of Rs 0.25 per share. The company has a market cap of Rs 136 crore and the stock is up by 24 per cent from its 52-week low of Re 0.24 per share.

Disclaimer: The article is for informational purposes only and not investment advice.