We wish to inform you that 23rd Meeting of Committee of Creditors of the Company which was earlier scheduled to be held on 10th September 2025 at 4.00 PM has been Postponed to 15th September ....
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Spectra Industries Limited has informed BSE that its 23rd Committee of Creditors (CoC) meeting, originally scheduled for 10 September 2025 at 4:00 PM, has been postponed to 15 September 2025 at 4:00 PM. The meeting will now be held via Video Conference using the Webex application. The disclosure was made under SEBI Listing Regulations, and was signed by the company's Resolution Professional, who was appointed pursuant to an NCLT Mumbai order dated 16 June 2023. This confirms that the company has been under the Corporate Insolvency Resolution Process (CIRP) under the IBC since mid-2023.
For shareholders, this is a procedural update that signals the insolvency resolution process is still ongoing after more than two years, with no approved resolution plan yet. CoC meetings are pivotal as they determine the fate of the company and shareholder recovery, so any delay can prolong uncertainty for investors.