We hereby inform you that the COC at its meeting held on Monday 26th May 2025 has interalia disscussed on the resolution plans received from resolution applicants by the resolution professional.
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 4.2 pts more than Nifty Microcap 250 and 4.8 pts more than its Auto Components & Equipments peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
Minute windows have no benchmark: there is no intraday index history to compare against.
Spectra Industries, currently under insolvency resolution, held a Committee of Creditors (CoC) meeting on 26 May 2025 from 4:00 PM to 5:00 PM. The CoC discussed resolution plans submitted by resolution applicants to the Resolution Professional. The letter is signed by the Resolution Professional appointed under the NCLT Mumbai order dated 16 June 2023, confirming the company remains in the Corporate Insolvency Resolution Process (CIRP). No resolution has been approved yet; the meeting was part of the ongoing evaluation process.
The company is still in the insolvency resolution phase and no final resolution plan has been approved. Shareholders face continued uncertainty about revival or liquidation, and the stock remains high-risk until a resolution is finalised by the CoC and approved by NCLT.