Shirpur Gold Refinery Limited has informed the Exchange about the 16th meeting of the Committee of Creditors to be held on Friday, June 20, 2025
Awaiting price reaction for this filing.
Shirpur Gold Refinery Limited, currently under the Corporate Insolvency Resolution Process (CIRP), has informed stock exchanges about its 16th Committee of Creditors (COC) meeting scheduled for June 20, 2025, via video conferencing. The communication is signed by Ashish Vyas, the appointed Resolution Professional, rather than company management, confirming that the insolvency process is still ongoing. The 16th COC meeting indicates that the resolution process has been extended over a significant period without a resolution plan being approved yet.
Shareholders face continued uncertainty as the company remains under insolvency with no approved resolution plan so far; the repeated COC meetings suggest delays in the resolution process, which is typically negative for equity holders who may face dilution or write-downs.