Please find enclosed List of Members of Stakeholder''s Consultation Committee as on date 15/12/2025
Awaiting price reaction for this filing.
Ushdev International Ltd has filed an updated list of its Stakeholder's Consultation Committee (SCC) as part of its ongoing liquidation process under the Insolvency and Bankruptcy Code (IBC), 2016. The filing is signed by the appointed Liquidator (CA Trupalkumar Patel), confirming the company is in liquidation after the Corporate Insolvency Resolution Process (CIRP) failed to yield a resolution plan. Total admitted claims stand at approximately ₹1,172 crore, with secured financial creditors (banks) holding the largest share — State Bank of India leads with ₹260 crore (22.2%), followed by IDBI Bank (₹131 crore), Bank of Baroda (₹115 crore), and ICICI Bank (₹106 crore). Government dues include Income Tax demands of ₹47 crore and Maharashtra VAT of ₹98 crore. Notably, no claims have been received from shareholders, indicating equity holders have been wiped out in the liquidation process.
This filing confirms that Ushdev International remains in liquidation under IBC with no resolution in sight. Equity shareholders are effectively worthless as no shareholder claims have been admitted. Creditors will recover only what the asset sales generate, likely at a steep discount given total claims of ₹1,172 crore. The stock is already a delisted/penny stock and this filing has no positive implication for retail investors.