Pre-Facto intimation of the upcoming 53rd meeting of Committee of Creditors to be held on 12th September, 2025
Awaiting price reaction for this filing.
Value Industries Ltd has informed the stock exchanges about the upcoming 53rd meeting of the consolidated Committee of Creditors (CoC) scheduled for Friday, September 12, 2025. This CoC oversees the consolidated corporate insolvency resolution process (CIRP) involving Value Industries and 12 other Videocon group companies. The company has been under CIRP since the NCLT order dated September 5, 2018, with subsequent orders in August and September 2019. The meeting is being held under the IBBI (Insolvency Resolution Process for Corporate Persons) Regulations, 2016. Abhijit Guwathakurta continues to serve as the Resolution Professional for these 13 Videocon group entities.
This is a routine procedural disclosure regarding an ongoing insolvency process — no new resolution, approval, or significant development is announced. Shareholders should note that the stock remains under CIRP and any resolution outcome will depend on this and future CoC meetings.