CMI Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 31/10/2025 ,inter alia, to consider and approve unaudited Financial Result for the quarter ....
Awaiting price reaction for this filing.
CMI Ltd has scheduled a Board meeting on October 31, 2025 to approve its unaudited financial results for the quarter ended December 31, 2024 and audited financial results for the quarter and year ended March 31, 2025. The meeting is being authorized by Mr. Deepak Maini, the Resolution Professional, since the Board of Directors' powers remain suspended. This is happening because the company is still under the Corporate Insolvency Resolution Process (CIRP) initiated by Canara Bank under Section 7 of the Insolvency and Bankruptcy Code, 2016. Investors should note these results cover periods as recent as March 2025 but are being approved only in late October 2025, indicating significant delay.
The ongoing insolvency proceedings remain the dominant overhang for shareholders, with the company's future under the resolution process. The substantial delay in announcing results reflects the disruption caused by CIRP and means investors still lack clarity on the company's true financial position.