Shirpur Gold Refinery Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 28/05/2025 ,inter alia, to consider and approve SHIRPUR GOLD REFINERY ....
Awaiting price reaction for this filing.
Shirpur Gold Refinery Ltd is currently under Corporate Insolvency Resolution Process (CIRP), admitted by NCLT Mumbai on June 24, 2024, and its Board of Directors stands suspended. A Resolution Professional (Ashish Vyas) has been managing the company since the first CoC meeting in July 2024. The RP has called a committee meeting on May 28, 2025, to consider and approve the Audited Financial Results on both standalone and consolidated basis for the quarter and full year ended March 31, 2025. The filing is made under SEBI LODR Regulation 29(1)(a) and replaces the usual board meeting intimation because normal board/committee governance is suspended during CIRP.
For shareholders, this is not a routine results announcement — it confirms the company remains in active insolvency proceedings, and the upcoming audited results will reflect performance under CIRP conditions. The stock remains a high-risk, speculative name; outcome of the CIRP (resolution plan or liquidation) is the key value driver for equity holders, who are likely to face significant dilution or write-down.