Shirpur Gold Refinery Limited has informed the Exchange regarding the Resolution Professional (RP) Committee meeting (in lieu of suspended Board of Directors) Under Regulation 29 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 scheduled to be held on Wednesday, May 28, 2025.
Awaiting price reaction for this filing.
Shirpur Gold Refinery Limited has announced a meeting of its Resolution Professional (RP) Committee, scheduled for Wednesday, May 28, 2025. The filing is made under Regulation 29 of SEBI's Listing Obligations and Disclosure Requirements Regulations, 2015. Notably, the Board of Directors is currently suspended, and the RP Committee is acting in its place — a clear indication that the company is undergoing the Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code. Regulation 29 meetings typically cover approval of quarterly/annual financial results or other material matters. The specific agenda of the meeting has not been disclosed in this advance notice and will be communicated after the meeting.
The announcement confirms Shirpur Gold remains under insolvency proceedings with its Board suspended, signaling continued financial distress. Shareholders should watch the outcome of the May 28 meeting closely, as it may include the disclosure of financial results or updates on the status of the resolution plan — both of which can materially affect the stock and investor prospects.