BSEZicom Electronic Security Systems Ltd-$CriticalPositive
Announced Fri, 25 Sept, 2026 · 11:59 IST
NCLT approves Zicom Electronic Security resolution plan by Advaita Trading
Price reaction
Awaiting price reaction for this filing.
AI summary
NCLT Mumbai approved Advaita Trading Pvt Ltd's resolution plan for Zicom Electronic Security Systems on Sept 24, 2026. Total plan value is Rs 17.75 crores against admitted claims of about Rs 1,272 crores, giving creditors roughly 1 percent recovery. Payments due within 30 days. CIRP began July 2022. Plan was initially rejected in June 2025 and sent back for reconsideration. Shareholders get nothing.
Likely market impact
Existing shareholders get nothing. Creditors recover about 1 percent of admitted claims. New management takes over, trading suspension may be lifted.