Intimation of 04th COC meeting.
Awaiting price reaction for this filing.
Techindia Nirman Limited is currently undergoing Corporate Insolvency Resolution Process (CIRP) as a Corporate Debtor, admitted by NCLT Mumbai Bench on January 2, 2025. Mr. Vallabh Narayandas Sawana was appointed as the Interim Resolution Professional. The company has informed the stock exchanges about the 4th meeting of the Committee of Creditors (CoC) scheduled for April 30, 2025 at 3:30 PM, to be conducted under the IBBI (Insolvency Resolution Process for Corporate Persons) Regulations, 2016. This is a procedural intimation regarding the ongoing insolvency proceedings with no resolution plan approval yet disclosed.
Shareholders should note that the company remains under insolvency resolution, meaning equity holders may face significant dilution or wipeout depending on the resolution plan approved by creditors. The stock remains risky and speculative until a resolution plan is finalized.