The 9th Meeting of Committee of Creditors of Kobo Biotech Limited was held on Wednesday, 28th May,2025 at 03:45 p.m. at 215, Laxmi Plaza, Laxmi Industrial Estate, New Link Road, Andheri ....
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Kobo Biotech Limited informed BSE that the 9th meeting of its Committee of Creditors (CoC) was held on 28th May 2025 via video conferencing. The company is currently undergoing the Corporate Insolvency Resolution Process (CIRP), with Ms. Namrata Amol Randeri acting as the Resolution Professional appointed by NCLT Hyderabad. The CoC was attended by J M Financial Asset Reconstruction Company Ltd (99.12% voting share) and Omkara Assets Reconstruction Private Limited (0.88% voting share). The draft minutes of the meeting were circulated to CoC members on 30th October 2025.
The company remains deep in insolvency proceedings with no resolution plan approved yet. Shareholders continue to face significant uncertainty, as the outcome of CIRP could lead to restructuring, liquidation, or dilution. Expect continued price volatility and low liquidity in the stock.