Intimation of Holding of 31st Meeting of CoC on 18th July, 2025
Awaiting price reaction for this filing.
The Interim Resolution Professional (IRP) of RCI Industries and Technologies Limited has informed BSE about the 31st meeting of the Committee of Creditors (CoC), scheduled for 18th July 2025 at 3:30 PM. This filing is part of the ongoing Corporate Insolvency Resolution Process (CIRP) that was initiated against the company on 30th November 2022 under Section 9 of the Insolvency and Bankruptcy Code (IBC), 2016. The intimation is a procedural disclosure made under SEBI Listing Regulations. Brijesh Singh Bhadauriya continues to serve as the IRP. No resolution plan approval or other substantive outcome is mentioned in this particular filing.
This is a routine procedural update with no direct impact on stock price. However, it serves as a reminder that the company has been under insolvency proceedings since late 2022, meaning shareholders remain uncertain about recovery until a resolution plan is approved. Investors should watch for outcomes from this and future CoC meetings.