Pre- facto Intimation for 31st Meeting of the CoC to be held on 25th July, 2025
Awaiting price reaction for this filing.
The company has informed BSE that its 31st meeting of the Committee of Creditors (CoC) will be held on Friday, 25th July 2025 at 3:30 PM. This is part of the ongoing Corporate Insolvency Resolution Process (CIRP) that was initiated against the company under Section 9 of the Insolvency and Bankruptcy Code, 2016, as intimated earlier on 30th November 2022. The Interim Resolution Professional, Brijesh Singh Bhadauriya, is overseeing the process. The filing is a routine procedural disclosure required under SEBI Listing Regulations and does not, by itself, announce any resolution plan approval or liquidation.
This is a procedural update with no immediate effect on share price. However, investors should note that the company has been under insolvency proceedings since November 2022, indicating prolonged financial stress and uncertainty around the resolution process. Any meaningful development would come from outcomes of CoC meetings, not this advance notice.