Minutes after voting of 4th Committee of Creditors meeting of M/S Dhruv Wellness Limited (in CIRP) held on Wednesday, 13th August 2025 at 06:30 PM via video Conferencing.
Awaiting price reaction for this filing.
Dhruv Wellness Limited is under Corporate Insolvency Resolution Process (CIRP), admitted by NCLT Mumbai on 18th February 2025. The 4th CoC meeting on 13th August 2025 was attended by creditors holding 98.68% voting share, with Axis Bank (55.81%), SBI (41.42%), and Kotak Mahindra (1.45%) as financial creditors. The CoC approved the final list of 27 Prospective Resolution Applicants and the Information Memorandum/RFRP/Evaluation Matrix. CIRP costs of Rs 4,94,989 were ratified, and the CoC approved filing an application to extend the CIRP period by 90 days beyond the 180-day deadline of 17th August 2025, pushing the last date to 15th November 2025. A transaction auditor (Sasva And Associates) and statutory auditor (Purshottam Khandelwal & Co) were appointed. The proposal to accept late claims from MAS Financial and CDSL was rejected by Axis Bank.
The company remains under insolvency proceedings with active bidding from 27 resolution applicants, keeping revival chances alive but highly uncertain for shareholders. With the CIRP timeline extended to mid-November 2025, existing equity holders continue to face significant dilution or wipeout risk as lenders push toward a resolution plan.