Shirpur Gold Refinery Limited has informed the Exchange regarding compliances for the Quarter ended 31 December 2025.
Awaiting price reaction for this filing.
Shirpur Gold Refinery has informed the exchanges that it cannot submit several mandatory compliance filings for the quarter ended 31 December 2025. The company has been under Corporate Insolvency Resolution Process (CIRP) since 24 June 2024, after NCLT Mumbai admitted an insolvency application filed by Prudent ARC Ltd under Section 7 of the IBC. Ashish Vyas was appointed as Interim Resolution Professional and later confirmed as Resolution Professional. The filings not submitted include the shareholding pattern (Reg 31 of LODR), share capital audit report (Reg 76 of D&P Regulations), and disclosure of encumbered shares (Reg 31(4) of SAST Regulations). The reason cited is that NSDL, CDSL and the RTA have stopped providing shareholding data (Benpos) due to unpaid fees left behind by the previous management. The company is also exempted from filing the Corporate Governance report under Reg 27 of LODR while CIRP is ongoing.
This is a negative signal for shareholders. The ongoing insolvency since June 2024, inability to file basic compliance documents, and unresolved fee issues with depositories point to serious operational and financial distress. Equity holders should expect continued uncertainty and a high risk of significant value erosion during the resolution process.