Disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 - Information regarding the 6th meeting of Committee of Creditors held in the matter of Marshall Machines Limited.
Awaiting price reaction for this filing.
Marshall Machines Limited is undergoing the Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code, with Mavent Restructuring Services LLP acting as the Resolution Professional (RP). The 6th meeting of the Committee of Creditors (CoC) is scheduled for 20th March 2026 at 12:30 PM. The agenda includes taking note of the previous (5th) CoC meeting minutes, reviewing the status of applications filed by or against the company, the status of a PUFE (Preferential/Undervalued/Fraudulent/Extortionate transactions) application before NCLT, updated list of claims, and progress on asset valuation. The CoC will also discuss the delay by the prospective resolution applicants — Mr. Anuj Goyal, Ms. Mona Vij, and Mr. Amrit Kumar Agrawal (jointly) — in submitting the Earnest Money Deposit (EMD) and Resolution Plan, and will vote on a revised resolution plan received through the Swiss Challenge mechanism.
The company remains firmly in insolvency proceedings with no resolution plan approved yet. Repeated CoC meetings and delays by resolution applicants in submitting the EMD and plan suggest the resolution process is struggling, raising the risk of liquidation or significant value erosion for shareholders.