Shirpur Gold Refinery Limited has informed the Exchange about the 15th Committee of Creditors meeting to be held on Monday, June 16, 2025.
Awaiting price reaction for this filing.
Shirpur Gold Refinery Limited has informed the exchanges about its 15th Committee of Creditors (COC) meeting scheduled for June 16, 2025, at 4:30 p.m. via video conferencing. The company is currently under the Corporate Insolvency Resolution Process (CIRP), with a Resolution Professional already appointed to oversee the proceedings. This is a routine regulatory disclosure under SEBI Listing Regulations, not a new insolvency event itself. The fact that this is the 15th such meeting indicates the resolution process has been ongoing for a considerable time without conclusion.
For shareholders, this is procedural rather than a fresh negative event — the company has been under insolvency for a while. However, each COC meeting without a resolution plan approval raises concerns about the prolonged uncertainty. Equity holders remain at the bottom of the priority list under IBC and face significant dilution or wipeout risk if a resolution plan is ultimately approved.