CMI Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 07/11/2025 ,inter alia, to consider and approve audited financial result for the quarter ....
Awaiting price reaction for this filing.
CMI Ltd has informed BSE that its Board of Directors meeting is scheduled for Friday, November 7, 2025, to consider and approve the audited financial results for the quarter and year ended March 31, 2025. The filing is made under SEBI's Listing Obligations and Disclosure Requirements. Importantly, the document reminds readers that the company has been undergoing a Corporate Insolvency Resolution Process (CIRP) since August 3, 2023, initiated by financial creditor Canara Bank under Section 7 of the Insolvency and Bankruptcy Code, 2016. Resolution Professional Mr. Deepak Maini has authorized the Board — whose powers are currently suspended under IBC provisions — to sign and approve these results. This is a procedural notice, not the results themselves.
Shareholders should note that CMI Ltd remains under CIRP for over two years with no resolution yet, meaning financial distress and corporate uncertainty persist. The delayed approval of FY25 audited results (nearly 8 months after year-end) further signals an unresolved situation, and stock price remains highly sensitive to any updates on the insolvency resolution outcome.