Intimation regarding postponement and rescheduling of 31st Meeting of committee of Creditors.
Awaiting price reaction for this filing.
The company (filing references RCI Industries and Technologies Limited, suggesting a corporate identity link) has informed the stock exchange that its 31st Meeting of the Committee of Creditors (CoC), originally scheduled for Friday, July 18, 2025 at 3:30 PM, has been postponed and rescheduled to Wednesday, July 23, 2025. The postponement is because multiple CoC members expressed their inability to attend the original date. The intimation is signed by the Interim Resolution Professional (IRP) registered with the Insolvency and Bankruptcy Board of India (IBBI), confirming that the company is currently undergoing the Corporate Insolvency Resolution Process (CIRP). This is a procedural rescheduling and does not indicate a change in the status of the insolvency proceedings.
This is a routine procedural update, but it underscores that the company remains under active insolvency proceedings, which continues to be a material risk for shareholders awaiting resolution and potential recovery of value.