Notice of 19th meeting of Committee of Creditors to be held on Wednesday 23rd April 2025.
Awaiting price reaction for this filing.
Vas Infrastructure Limited, currently under the Corporate Insolvency Resolution Process (CIRP), has informed BSE about its 19th Committee of Creditors (CoC) meeting scheduled for April 23, 2025. The notice was filed by Ashok Kumar Golechha, the appointed Resolution Professional (IBBI Reg. No. IBBI/IPA-002/IP-N000932/2019-20/12973). The fact that this is the 19th CoC meeting indicates the insolvency process has been ongoing for a considerable period. The filing was made under SEBI LODR regulations as a disclosure requirement for companies under CIRP. No specific agenda items or outcomes were disclosed in this notice.
The stock remains in insolvency limbo with no resolution yet approved, meaning shareholders continue to face uncertainty about recovery. The repeated CoC meetings suggest a prolonged resolution process, which is typically negative for equity holders who are last in the priority of payouts.