Reschedule of 16th CoC Meeting of the Company
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 Ltd, which is currently undergoing the Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code, has rescheduled its 16th Committee of Creditors (CoC) meeting. The meeting will now be held on Monday, 19th May 2025 at 12:30 PM IST in hybrid mode at A.K. Sarawagi & Co., Kolkata. The rescheduling was due to unavoidable circumstances. The notice is signed by Resolution Professional Ashok Kumar Sarawagi, indicating the company remains in active insolvency proceedings. No resolution plan has been approved yet, as evidenced by the ongoing CoC meetings.
The stock continues to be under insolvency resolution and trading restrictions remain in force. The rescheduling itself is procedural and not directly negative, but shareholders should note that the CIRP process is still ongoing with no approved resolution plan, keeping uncertainty around recovery of value high.