CMICABLESNSECMI LimitedCriticalNegative
Announced Fri, 31 Oct, 2025 · 17:15 IST
CMI insolvency process admitted; FY2025 accounts approval deferred
Price reaction
Awaiting price reaction for this filing.
AI summary
The National Company Law Tribunal admitted Canara Bank's insolvency application against CMI Limited and appointed Deepak Maini to manage the resolution process. CMI deferred approval of its audited financial statements for the year ended March 31, 2025 due to unforeseen circumstances. A revised approval date will be announced later.
Likely market impact
The bank-led insolvency process and delayed accounts increase financial uncertainty and may pressure the stock, although final outcomes are unknown.