Impex Ferro Tech Limited has informed the Exchange about Corporate Insolvency Resolution Process
IMPEXFERRO · price
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Impex Ferro Tech Limited, currently under Corporate Insolvency Resolution Process (CIRP), held its 25th Committee of Creditors (CoC) meeting on March 6, 2026. The meeting covered the Resolution Professional's progress report, finalization of the list of eligible Prospective Resolution Applicants, review of the Information Memorandum, and finalizing the Request for Resolution Plan (RFRP) along with bank guarantee format and evaluation matrix. The CoC also approved filing an application with NCLT Kolkata to extend the CIRP timeline and approved CIRP costs up to February 2026. The meeting lasted about 30 minutes, indicating routine procedural progress rather than major breakthroughs.
The company remains under insolvency proceedings with no resolution plan approved yet, and is seeking more time from NCLT. For shareholders, this signals continued uncertainty about recovery and likely dilution or restructuring of equity. The stock is likely to remain volatile and illiquid until a resolution applicant is finalised.