We wish to inform you that 18th Meeting of Commitee of Creditors is Proposed to be held on Monday, 2 June 2025 at 4 PM has been Postponed to 3rd June 2025 at 12 PM.
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Spectra Industries Ltd has postponed its 18th Committee of Creditors (CoC) meeting by one day, from June 2, 2025 at 4:00 PM to June 3, 2025 at 12:00 PM, to be held via video conference. The company is currently under the Corporate Insolvency Resolution Process (CIRP), with a Resolution Professional appointed by NCLT Mumbai vide order dated June 16, 2023. The meeting is a routine procedural requirement under the Insolvency and Bankruptcy Code (IBC) where creditors discuss and decide on the resolution plan. This is purely a scheduling change and does not indicate any new development in the insolvency proceedings.
Minimal impact on shareholders — this is a minor one-day postponement of a routine creditors' meeting. The ongoing CIRP status means shareholders remain suspended and equity value continues to depend on the outcome of the resolution plan yet to be approved by NCLT.