Notice of 1st Committee Of Creditors Meeting to be held on 9th April, 2025.
Awaiting price reaction for this filing.
Dhruv Wellness Ltd has issued a notice for the 1st meeting of the Committee of Creditors (CoC) to be held on 9th April 2025. The constitution of a CoC is a procedural step under the Insolvency and Bankruptcy Code (IBC) that follows admission of a company into the Corporate Insolvency Resolution Process (CIRP) by the NCLT. This strongly indicates that insolvency proceedings against the company have been admitted. At this stage, an Interim Resolution Professional (IRP) or Resolution Professional (RP) would be in place to manage the company's affairs and run the resolution process.
Highly negative for shareholders — once CIRP is admitted, equity shareholders are the last in the priority for any recovery, and existing shares typically face significant value erosion or may become worthless depending on the resolution plan. Stock price is likely to remain under pressure.