Pre-facto intimation of the upcoming 50th meeting of Committee of Creditors to be held on 05.06.2025
Awaiting price reaction for this filing.
Value Industries Ltd has informed stock exchanges about the upcoming 50th meeting of the consolidated Committee of Creditors scheduled for June 5, 2025. The meeting covers Value Industries along with 12 other Videocon group companies under a consolidated corporate insolvency resolution process (CIRP). The company has been under CIRP since NCLT orders dated September 5, 2018, August 8, 2019, and September 25, 2019, with Abhijit Guhathakurta acting as the Resolution Professional. This is a routine pre-facto intimation with no new business decisions disclosed in the filing.
No new impact on shareholders — this is a procedural update. Shareholders remain in limbo as the stock has been under insolvency proceedings for nearly seven years with no resolution yet visible.