Shirpur Gold Refinery Limited has informed the Exchange about Outcome of the Twentieth (20th) Committee of Creditors meeting held on Thursday, August 14, 2025
Awaiting price reaction for this filing.
Shirpur Gold Refinery Limited informed the stock exchanges that its 20th Committee of Creditors (COC) meeting was held on August 14, 2025, via video conferencing, lasting about 77 minutes. The communication was signed by the Resolution Professional (Ashish Vyas), confirming the company is currently under the Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code. No specific decisions or outcomes from the meeting have been disclosed in this filing. The fact that this is the 20th COC meeting indicates the insolvency resolution process has been ongoing for a significant period.
The company remains under insolvency proceedings with a Resolution Professional in charge, signalling continued financial distress and uncertainty for shareholders. The lack of disclosed outcomes and the high number of COC meetings suggest delays in finding a resolution, which is negative for equity holders who typically face dilution or extinction of their value in such processes.