Rolta India Limited has informed the Exchange about Corporate Insolvency Resolution Process
Awaiting price reaction for this filing.
Rolta India Limited, which is currently undergoing Corporate Insolvency Resolution Process (CIRP), held its 35th Committee of Creditors meeting on 9th June 2025. The CoC discussed the cost of the insolvency proceedings and reviewed the status of the application filed before the NCLT Mumbai Bench seeking approval of the Resolution Plan. The company remains under the management of Resolution Professional Dr. Mamta Binani, indicating that the insolvency process is still ongoing. No resolution plan has yet been approved by the NCLT.
Shareholders continue to face significant uncertainty as the company's future hinges on NCLT approval of a resolution plan. Existing equity is likely to be heavily diluted or wiped out once creditors are repaid, which is typical in CIRP outcomes.