Shirpur Gold Refinery Limited has informed the Exchange about the Fourteenth (14th) Committee of Creditors meeting to be held on Friday, May 09, 2025
Awaiting price reaction for this filing.
Shirpur Gold Refinery Limited has informed the stock exchanges that its 14th Committee of Creditors meeting is scheduled for Friday, May 9, 2025, at 11:30 a.m. via video conferencing. The letter is signed by Ashish Vyas, the Resolution Professional, confirming that the company is currently under the Corporate Insolvency Resolution Process (CIRP). This is the 14th such meeting, indicating the insolvency proceedings have been ongoing for a substantial period without resolution. The filing is made under SEBI Listing Regulations to keep the market informed of material developments during the insolvency process.
This is a procedural update during an ongoing insolvency process, not a new negative event. However, the fact that the company has held 14 COC meetings without resolution signals prolonged financial distress and uncertainty for shareholders, who face significant risk of dilution or extinction of their equity value depending on the final resolution plan.