Impex Ferro Tech Limited has informed the Exchange about Corporate Insolvency Resolution Process
IMPEXFERRO · price
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Impex Ferro Tech Limited, which is already under Corporate Insolvency Resolution Process (CIRP), has informed the stock exchanges about its 19th Committee of Creditors (CoC) meeting scheduled for Tuesday, 19th August 2025 at 12:30 PM IST in hybrid mode (physical and virtual) at Kolkata. The meeting will be conducted by the Resolution Professional, Ashok Kumar Sarawagi. This is a routine regulatory disclosure under SEBI Listing Obligations, and no new resolution plan or major decision has been announced at this stage. The fact that this is the 19th CoC meeting indicates the insolvency process has been prolonged well beyond the typical 330-day timeline.
Shareholders should note that the company remains under insolvency with no resolution yet approved after multiple CoC meetings, which signals significant uncertainty around share value recovery and potential dilution or extinction of equity. This is generally negative for shareholders, as under CIRP, equity holders are the last in the priority waterfall and often receive little to nothing.