Pre-facto intimation of the upcoming 50th meeting of the committee of creditors to be held on 05.06.2025
Awaiting price reaction for this filing.
Videocon Industries has informed the stock exchanges about the upcoming 50th meeting of the consolidated Committee of Creditors (CoC), scheduled for 5 June 2025. The meeting covers Videocon Industries along with 12 other Videocon group companies under a consolidated corporate insolvency resolution process. The company has been under CIRP since the NCLT order dated 6 June 2018, with subsequent orders in August and September 2019. Abhijit Guhathakurta continues to serve as the Resolution Professional for the 13 Videocon group companies. This is a procedural disclosure under SEBI listing regulations and IBBI insolvency rules.
This is a routine procedural update and not a new development. The insolvency process has been ongoing since 2018, and the CoC continues to deliberate on resolution plans. Shareholders should note that the prolonged CIRP signals unresolved debt issues, and any concrete resolution or liquidation outcome would be material. Until then, equity holders remain at significant risk of dilution or write-down.