Pursuant to Regulation 30 of SEBI (LODR) Regulations, 2015, the company wish to inform you that the 44th meeting of Committee of Creditors is scheduled to be held on 27th May, 2016.
Awaiting price reaction for this filing.
CMI Limited has informed exchanges about the scheduling of its 44th Committee of Creditors (CoC) meeting on May 27, 2026. The company refers to itself as the 'Corporate Debtor,' confirming it is under the Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code. This is the 44th such meeting, indicating an extended and ongoing resolution process. The filing is made under SEBI's Regulation 30 for prior intimation requirements. The meeting appears to be part of the regular CoC oversight activities during insolvency proceedings.
The continued holding of CoC meetings suggests the insolvency resolution is still in progress. Long-drawn CIRPs can be concerning for equity shareholders as the outcome remains uncertain pending resolution plan approval or potential liquidation.