Pre-Facto Intimation for the 32nd Meeting of CoC to be held on 28th August, 2025 at 3:30 P.M.
Awaiting price reaction for this filing.
This filing is a pre-facto (advance) intimation informing that the 32nd meeting of the Committee of Creditors (CoC) of RCI Industries and Technologies Limited is scheduled for 28th August 2025 at 3:30 PM. The company has been undergoing the Corporate Insolvency Resolution Process (CIRP), which was initiated on 30th November 2022 under Section 9 of the Insolvency and Bankruptcy Code, 2016. The filing is signed by the Resolution Professional, Brijesh Singh Bhadauriya, indicating the company remains under insolvency resolution with no resolution plan yet approved.
The company is still deep in insolvency proceedings nearly 3 years after CIRP initiation, with 32 CoC meetings held so far, signalling prolonged uncertainty for shareholders and creditors. Existing equity holders are likely to face significant dilution or loss depending on the finally approved resolution plan.