Committee of Creditors constituted on 1st April, 2025.
Awaiting price reaction for this filing.
Dhruv Wellness Ltd has announced that a Committee of Creditors (CoC) has been constituted on 1st April 2025 under the Insolvency and Bankruptcy Code (IBC). The formation of a CoC typically follows an NCLT order admitting the company into the Corporate Insolvency Resolution Process (CIRP). An Interim Resolution Professional (IRP) is usually appointed to manage the company's affairs and oversee the resolution process. The company has not disclosed additional details such as the petitioner, admitted debt amount, or the next steps in the resolution timeline in this filing.
This is a negative signal for shareholders — the initiation of insolvency proceedings often leads to significant equity dilution or even total loss for existing shareholders as lenders take priority. The stock may face heavy selling pressure and trading restrictions as the resolution process unfolds.