We wish to Inform you That 22nd Meeting of Committee of Creditors is Proposed to be held on Wednesday September 3 2025. at 4 PM.
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Spectra Industries Limited, currently under the Corporate Insolvency Resolution Process (CIRP) following an NCLT Mumbai order dated June 16, 2023, has informed BSE that the 22nd meeting of its Committee of Creditors will be held on September 3, 2025, via video conference. The meeting will consider resolution plans received from applicants, discuss an extension of the CIRP timeline, and approve insolvency resolution process costs and legal expenses for filing the extension application. The company is being managed by a Resolution Professional rather than its regular board, which itself signals an ongoing insolvency situation. The 22nd CoC meeting indicates the resolution process has been prolonged well beyond the standard timeline.
Shareholders remain in a wait-and-watch mode as the company continues under insolvency with no resolution yet approved; the need to seek extension of CIRP further delays any recovery or revival, keeping the stock highly speculative and risky for retail investors.