Intimation of NCLT Order dated 06.05.2025
Awaiting price reaction for this filing.
The filing is a routine procedural update from the Resolution Professional of RCI Industries & Technologies Limited regarding the ongoing Corporate Insolvency Resolution Process (CIRP) before NCLT New Delhi Bench-III. It references a prior disclosure dated 17th April 2025 and confirms that the Resolution Plan along with other interlocutory applications was listed on 6th May 2025. The matter is next scheduled for hearing on 22nd May 2025. No order has been passed yet, and the resolution plan is still under consideration.
No immediate impact on shareholders; this is a procedural status update. Investors should monitor the 22nd May 2025 hearing as a resolution plan approval or rejection could materially affect the company's future and shareholder recovery prospects.