Intimation for COC 09th COC meeting.
Awaiting price reaction for this filing.
Techindia Nirman Limited, which is currently undergoing Corporate Insolvency Resolution Process (CIRP), has informed stock exchanges about the 9th meeting of its Committee of Creditors. The meeting is scheduled for June 20, 2025, at 4:30 PM. The CIRP was initiated against the company following an NCLT Mumbai Bench order, and Mr. Vallabh Narayandas Sawana has been appointed as the Resolution Professional. This is a routine procedural intimation regarding the ongoing insolvency proceedings.
The stock remains under insolvency proceedings, meaning shareholders face significant uncertainty and likely dilution or write-off of equity value. The frequency of CoC meetings suggests the resolution process is still active but ongoing, with no clear resolution timeline indicated.