Announcement pursuant to Regulation 30 of SEBI (LODR) Regulations, 2015 for prior intimation of 36th meeting of Committee of Creditors.
Awaiting price reaction for this filing.
CMI Limited has informed stock exchanges about the 36th meeting of its Committee of Creditors (CoC), scheduled for September 29, 2025. The company is referred to as the 'Corporate Debtor,' confirming that it is currently under the Insolvency and Bankruptcy Code (IBC) process. This is a routine regulatory disclosure under SEBI's Listing Regulations. The fact that this is the 36th CoC meeting suggests the insolvency resolution process has been ongoing for a considerable period.
The stock remains under insolvency proceedings with no resolution yet concluded; shareholders should note that the long-running CoC process signals continued uncertainty and likely minimal equity value recovery, as IBC typically favors creditors over shareholders.