Shirpur Gold Refinery Limited has informed the Exchange regarding the outcome of the 15th meeting of the Committee of Creditors
Awaiting price reaction for this filing.
Shirpur Gold Refinery Limited, currently under the Corporate Insolvency Resolution Process (CIRP), held its 15th Committee of Creditors (COC) meeting on June 16, 2025, via video conferencing from 4:30 PM to 5:53 PM. The filing is signed by the Resolution Professional, Ashish Vyas, rather than company management, confirming the company remains under insolvency proceedings. No specific outcomes or decisions from the meeting have been disclosed in this filing. The 15th COC meeting suggests the insolvency process has been ongoing for a considerable period, as CIRP typically has a time-bound resolution timeline.
Shareholders remain in limbo as the company continues under insolvency resolution with no resolution plan yet approved. Lack of disclosed outcomes creates uncertainty, and the extended nature of the process (15th meeting) raises concerns about timely resolution, which could negatively affect equity value.