Outcome of 04th COC meeting
Awaiting price reaction for this filing.
Techindia Nirman Limited, currently undergoing Corporate Insolvency Resolution Process (CIRP), disclosed the outcome of its 4th Committee of Creditors meeting held on April 30, 2025. The CoC noted the minutes of the previous meeting, actions taken by the Resolution Professional, and progress on forensic audit and valuation reports. Two key decisions were approved with 100% majority: ratification of the extension of the last date for submission of Resolution Plans, and approval of Interim Finance to cover CIRP costs. The filing was signed by Resolution Professional Vallabh Narayandas Sawana under SEBI LODR Regulation 30.
The company remains in active insolvency proceedings with no resolution plan submitted yet. The extension of the resolution plan deadline and approval of interim finance signal that the insolvency process is ongoing and creditors are still working toward a resolution. Shareholders face continued uncertainty and likely dilution or restructuring risk once a resolution plan is finalized.