Reliance Communications Limited has informed the Exchange about Notice of meeting of Committee of Creditors (CoC) scheduled to be held on Tuesday, June 17, 2025.
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Reliance Communications Limited has informed stock exchanges that the 60th meeting of its Committee of Creditors will be held on June 17, 2025. The company is currently under the Corporate Insolvency Resolution Process (CIRP) since June 28, 2019, and its affairs are being managed by Resolution Professional Anish Niranjan Nanavaty. This is a routine regulatory disclosure under SEBI listing rules regarding the schedule of creditor meetings. The fact that this is the 60th such meeting underscores how prolonged the insolvency resolution has been.
No immediate impact on shareholders — this is a procedural notice about a scheduled creditor meeting, not a new development. However, the sheer number of CoC meetings (60th) highlights the extended nature of RCom's insolvency process, which remains an overhang for the stock and equity holders who have already faced significant value erosion.