Post Facto for 30th meeting of Committe of Creditors.
Awaiting price reaction for this filing.
The 30th meeting of the Committee of Creditors for RCI Industries & Technologies Limited was held on April 29, 2025, from 3:10 PM to 3:40 PM. The meeting was conducted under the Corporate Insolvency Resolution Process (CIRP), which was initiated on November 30, 2022, under Section 9 of the Insolvency and Bankruptcy Code, 2016. The Resolution Professional briefed the CoC on the current status and next steps of the insolvency resolution process. This is a routine procedural update filed after the meeting (post-facto intimation) as required under SEBI Listing Regulations.
The company has been under insolvency resolution for over two years, signalling prolonged uncertainty for shareholders. Continued CIRP status means equity holders remain at risk of significant dilution or wipeout depending on the final resolution plan.