Shirpur Gold Refinery Limited has informed the Exchange about Corporate Insolvency Resolution Process
Awaiting price reaction for this filing.
Shirpur Gold Refinery Limited is undergoing Corporate Insolvency Resolution Process (CIRP) after the NCLT Mumbai Bench passed an admission order on June 24, 2024. An Interim Resolution Professional (IRP) was appointed and later confirmed as Resolution Professional (RP) after the Committee of Creditors' e-voting in September 2024. Moratorium has been declared. The RP has informed the exchanges that the company cannot submit its Audited Financial Results (Standalone & Consolidated) for the quarter and year ended March 31, 2026, within the mandated timeline. This is due to unresolved issues with the Suspended Board of Directors impacting financial accounting and record compilation across physical and electronic formats.
This filing signals significant financial distress for the company. Shareholders face extreme risk as the company is under a formal insolvency process, with governance controls now managed by an insolvency professional rather than the board. Trading in the stock may be suspended or face heightened volatility.