Marshall Machines Limited has informed the Exchange about disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 - Information regarding the 7th meeting of Committee of Creditors to be held in the matter of Marshall Machines Limited.
Awaiting price reaction for this filing.
Marshall Machines Limited, which is currently undergoing the Corporate Insolvency Resolution Process (CIRP), has informed the exchange about its 7th Committee of Creditors (CoC) meeting scheduled for 16th April 2026 at 3:00 PM. The meeting is being conducted by the appointed Resolution Professional, Mavent Restructuring Services LLP. Key agenda items include confirming the meeting quorum, noting minutes of the previous (6th) CoC meeting held on 20 March 2026, and importantly, running a challenge process between prospective resolution applicants. Approval for shorter notice of the meeting is also to be voted upon.
The company remains under insolvency resolution, and the 'challenge process' between resolution applicants signals that the bidding/selection process to find a buyer or revival plan is actively progressing. Shareholders should note that equity may be significantly diluted or written down depending on the resolution plan ultimately approved by the CoC and the NCLT.