Impex Ferro Tech Limited has informed the Exchange about Corporate Insolvency Resolution Process-Outcome of 16th CoC Meeting
IMPEXFERRO · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Impex Ferro Tech Limited, which is currently under Corporate Insolvency Resolution Process (CIRP), held its 16th meeting of the Committee of Creditors on 19th May 2025. The meeting, which lasted about 30 minutes, covered routine insolvency-related items including a review of steps taken by the Resolution Professional, the expenses incurred so far in running the CIRP, and approval of CIRP costs up to April 2025. No resolution plan approval or major decision was announced in this filing — it is a procedural update on the ongoing insolvency process. The Resolution Professional, Ashok Kumar Sarawagi, has signed the intimation.
For shareholders, this is a routine procedural update during an ongoing insolvency — no new resolution plan, buyer, or recovery value has been announced, so the stock remains in a distressed, speculative state with continued uncertainty about eventual recovery or liquidation.