Intimation of the Rescheduled Meeting of the Committee of Creditors(CoC) under Regulation 30 of the SEBI (LODR) Regulations, 2015.
Awaiting price reaction for this filing.
Hindusthan National Glass & Industries Ltd informed stock exchanges that its 37th Committee of Creditors (CoC) meeting has been rescheduled to 17th April 2025 at 4:00 PM. This follows earlier intimations dated April 14 and April 16, 2025. The company explicitly identifies itself as 'Undergoing Corporate Insolvency Resolution Process,' confirming it is in active CIRP under the Insolvency and Bankruptcy Code. The CoC is the body of financial creditors that drives resolution decisions during insolvency proceedings.
This is a procedural update rather than a new development, but it confirms the company remains in active insolvency resolution, meaning shareholders continue to face uncertainty about recovery. Any resolution plan approved by the CoC could materially affect equity holders, who typically rank last in the waterfall and may receive little to nothing.