Shirpur Gold Refinery Limited has informed the Exchange regards to compliance to Quarter ended 30 June, 2025.
Awaiting price reaction for this filing.
Shirpur Gold Refinery Limited is informing the exchanges that it cannot file several quarterly compliance documents (shareholding pattern, share capital audit report, and encumbered shares disclosure) for the quarter ended 30 June 2025. The company has been under the Corporate Insolvency Resolution Process (CIRP) since 24 June 2024, after the NCLT Mumbai Bench admitted an insolvency petition filed by Prudent ARC Ltd. under Section 7 of the Insolvency and Bankruptcy Code. Ashish Vyas was appointed as the Resolution Professional. The compliances could not be filed because NSDL, CDSL, and the company's Registrar & Transfer Agent have stopped sharing shareholding data (Benpos) due to unpaid fees by the previous management. The Resolution Professional has filed an application seeking court directions to compel the suspended board to provide the required data and cooperate with the insolvency process.
Shareholders continue to face significant uncertainty as the company remains in insolvency with no resolution plan yet approved, suspended management is reportedly uncooperative, and even basic regulatory filings are being missed. Existing equity holders are likely to face severe dilution or total loss depending on the outcome of the resolution process.