Intimation for 30th Meeting of CoC
Awaiting price reaction for this filing.
RCI Industries and Technologies Limited has informed the stock exchange that the 30th meeting of its Committee of Creditors is scheduled for 29th April 2025 at 3:00 PM. This is a procedural intimation under SEBI Listing Regulations, filed by the Interim Resolution Professional (IRP), Brijesh Singh Bhadauriya. The company has been undergoing Corporate Insolvency Resolution Process (CIRP) since 30th November 2022 under Section 9 of the Insolvency and Bankruptcy Code, 2016. This is not a new development but a routine update on the ongoing insolvency proceedings.
This is a routine procedural update and does not signal any new development for shareholders. Investors should continue to monitor for substantive outcomes such as approval of a resolution plan, which would be a material event. Until a resolution plan is approved by the CoC and NCLT, equity holders remain at risk of significant dilution or extinction of value.