3rd CoC meeting held on Tuesday, July 29, 2025, at 3:00 PM.
Awaiting price reaction for this filing.
Dhruv Wellness Limited is currently under the Corporate Insolvency Resolution Process (CIRP), with Resolution Professional CA Ashok Mittal overseeing the proceedings. The 3rd meeting of the Committee of Creditors is scheduled for July 29, 2025, via video conferencing. Key agenda items include approving CIRP costs of Rs 3,74,039, ratifying minutes of the 2nd CoC meeting, and approving the Information Memorandum and Request for Resolution Plan (RFRP). The RP has received 28 Expressions of Interest (EOIs) from prospective resolution applicants, indicating active interest in taking over the company. Two new claims have been filed — Rs 1.18 crore from MAS Financial Services (secured financial creditor) and Rs 58,302 from CDSL (operational creditor). The suspended board of directors and key creditors including Axis Bank, SBI, Kotak Mahindra Bank, and Dhani Loans are involved in the process.
For existing shareholders, this is a difficult situation as the company is already in insolvency proceedings and they are likely to face significant dilution or complete loss of their holdings in any resolution plan. However, the strong interest from 28 resolution applicants is a mildly positive signal that some value may be recovered through the resolution process.