Disclosure under Regulation 30 of the SEBI (Listing Obligations and DisclosureRequirements) Regulations, 2015 - Information regarding the meeting of Committee ofCreditors held in the matter of Marshall Machines Limited.
Awaiting price reaction for this filing.
Marshall Machines Limited is undergoing a Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code, 2016, and is currently managed by a Resolution Professional (Mavent Restructuring Services LLP) instead of its regular board. The filing summarises four CoC meetings held between October 2025 and January 2026. Key actions include replacing the Interim Resolution Professional, issuing Form G to invite Expression of Interest from potential resolution applicants, approving the Request for Resolution Plan and Evaluation Matrix, and ratifying fees of auditors, valuers, and legal counsel. In the most recent meeting on January 31, 2026, the CoC approved an extension for submission of resolution plans and filed an application to extend the CIRP timeline by 90 days beyond the standard 180-day period.
This is a significant negative development for equity shareholders. The company is deep in insolvency proceedings, with creditors actively driving the process. Equity shareholders typically face severe dilution or total loss of value once a resolution plan is approved, as creditors' dues are prioritised over shareholder equity.