Publication of Form G Invitation of Resolution Plan
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 has published Form G, inviting resolution plans from potential bidders. This is a formal step under India's Insolvency and Bankruptcy Code (IBC), typically published after the National Company Law Tribunal (NCLT) admits the company into the Corporate Insolvency Resolution Process (CIRP). It means the company is in serious financial distress and a Resolution Professional is now managing its affairs to find a buyer or restructuring plan. Existing shares may be significantly diluted, lost, or restructured depending on the resolution outcome. Shareholders should note that equity holders are last in the priority list for any payouts under IBC.
This is a strongly negative signal for shareholders — existing equity could be substantially wiped out depending on the resolution plan accepted by lenders and the NCLT. The stock is likely to remain volatile and illiquid until a resolution is finalized.