Reliance Communications Limited has informed the Exchange about Corporate Insolvency Resolution Process : Notice of meeting of Committee of Creditors (CoC) scheduled to be held on Friday, July 04, 2025.
RCOM · price
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Awaiting price reaction for this filing.
Reliance Communications Limited has informed the exchanges that the 61st meeting of its Committee of Creditors will be held on Friday, July 04, 2025. The company is currently undergoing the Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code, 2016, which was admitted by the NCLT Mumbai Bench via an order dated June 21, 2019. Since June 28, 2019, the company's affairs are being managed by Resolution Professional Mr. Anish Niranjan Nanavaty, and the powers of the board are vested in him. The filing is made under SEBI LODR Regulation 30 read with Schedule III, Part A, Clause A(16)(g). The announcement is purely procedural, informing stakeholders of the scheduled CoC meeting date.
This is a routine procedural update and is unlikely to have any direct impact on the stock price. However, RCom remains under insolvency resolution and shareholders continue to face uncertainty regarding any recovery of value, as equity holders are typically the last in the waterfall under IBC.