Post facto Intimation of 25th Meeting of Committee of Creditors held on 20.05.2025
GAYAPROJ · price
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Awaiting price reaction for this filing.
Gayatri Projects Limited informed stock exchanges that the 25th meeting of the Committee of Creditors (CoC) was held on May 20, 2025, under the company's ongoing Corporate Insolvency Resolution Process (CIRP). The meeting was conducted by the Resolution Professional (RP), CA Sai Ramesh Kanuparthi, and covered discussions on the status of the CIRP process and the company's current operations. This filing is a routine regulatory disclosure under SEBI's Listing Obligations, made because the company is a 'Corporate Debtor' under IBC proceedings.
The filing confirms Gayatri Projects remains under insolvency resolution with a Resolution Professional still in control, meaning normal management decisions are not being taken by the board. Shareholders continue to face uncertainty over the outcome of the resolution process, which will determine whether they receive any value or are wiped out entirely.