Pre-facto intimation of the upcoming 48th meeting of Committee of Creditors
Awaiting price reaction for this filing.
Videocon Industries has informed the stock exchanges that the 48th meeting of the consolidated Committee of Creditors (CoC) is scheduled for April 4, 2025. The meeting covers Videocon Industries along with 12 other Videocon group companies that are undergoing a consolidated Corporate Insolvency Resolution Process (CIRP). The process was admitted by the NCLT on June 6, 2018, with subsequent orders in August and September 2019. Abhijit Guhathakurta of Deloitte India Insolvency Professionals LLP continues to serve as the Resolution Professional. No resolution plan approval or other outcome is disclosed in this intimation — it is a routine procedural update on the ongoing insolvency proceedings.
This is a routine administrative update and does not indicate any new development. Shareholders should note that the company remains under insolvency resolution, which has been ongoing since 2018, and the stock continues to trade under CIRP conditions with no clear timeline for resolution.