Outcome of Monitoring Committee Meeting held on 20.11.2025
Awaiting price reaction for this filing.
The Monitoring Committee, set up under the Resolution Plan approved by the NCLT on October 9, 2025, held its 4th meeting on November 20, 2025. The committee reviewed and considered the financial results for Q1 (June 30, 2025) and Q2 (September 30, 2025). It also reviewed the implementation of the Resolution Plan, including the schedule of payments to creditors. Notably, the Board of Directors' powers are being reinstated following the company's full payment of Rs. 46.50 Crores under the resolution plan.
This signals a major positive turn for shareholders — the company has cleared its resolution plan obligations in full, restoring full board powers and indicating emergence from insolvency/corporate insolvency resolution process. Likely to improve investor confidence and unlock value, though near-term operational performance in Q1/Q2 still needs to be assessed.