12th Meeting of Committee of Directors.
Awaiting price reaction for this filing.
Jaiprakash Associates has informed stock exchanges that the 12th meeting of the Committee of Creditors (CoC) will be held on 19th April 2025. This meeting is being conducted under the ongoing Corporate Insolvency Resolution Process (CIRP), which was admitted by the National Company Law Tribunal (NCLT) under Section 7 of the Insolvency and Bankruptcy Code, 2016. The fact that this is the 12th CoC meeting indicates that the insolvency process has been prolonged. No new developments, financial figures, or resolution plan updates are mentioned in this filing.
This is a routine procedural update and does not change the status of the company, which remains under insolvency proceedings. For shareholders, the stock continues to be highly risky with no clarity yet on a resolution plan or revival path, and existing equity is likely to face significant dilution or write-down under any approved resolution.