Intimation of 41st meeting of Committee of Creditors scheduled to be held on 20.02.2026
Awaiting price reaction for this filing.
CMI Limited has informed the stock exchanges that the 41st meeting of its Committee of Creditors is scheduled for 20 February 2026. The company is referred to as 'the Corporate Debtor,' which confirms it is currently undergoing the Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code. The filing is a routine disclosure made under SEBI Listing Regulations to keep the exchanges informed about the ongoing insolvency proceedings. The fact that this is the 41st such meeting indicates that the resolution process has been prolonged significantly.
This is a procedural update and not a new development, but the high number of CoC meetings (41st) signals that the insolvency resolution has been dragging on for a long time, which is negative for equity shareholders who typically have little to no recovery in such extended IBC processes. Expect continued uncertainty and weak sentiment in the stock.