Intimation of 07th COC Meeting
Awaiting price reaction for this filing.
Techindia Nirman Limited has informed stock exchanges about its 7th meeting of the Committee of Creditors (CoC) scheduled for 2nd June 2025 at 4:30 PM under the ongoing Corporate Insolvency Resolution Process (CIRP). The company is currently a Corporate Debtor after NCLT Mumbai Bench admitted insolvency proceedings against it via an order dated 2nd January 2025. Mr. Vallabh Narayandas Sawana, who was initially appointed as Interim Resolution Professional, was later confirmed as Resolution Professional by an NCLT order dated 4th March 2025. The meeting will follow IBBI Insolvency Resolution Process Regulations. This is a procedural intimation informing exchanges about the upcoming CoC meeting.
The company remains under insolvency proceedings with no resolution plan approved yet; shareholders are likely to face significant uncertainty as the CIRP progresses, with potential equity dilution or write-off depending on the resolution outcome.