We wish to inform you that the Committee of Creditors in its Meeting held on Wednesday 11th June 2025 to conduct inter-se Bidding (Negotiation)with Resolution Applicants on their Resolution Plans.
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Spectra Industries Limited, currently under the Corporate Insolvency Resolution Process (CIRP), held a Committee of Creditors (CoC) meeting on June 11, 2025, from 12:00 PM to 2:30 PM. The sole agenda was conducting inter-se bidding (negotiation) among Resolution Applicants on their submitted Resolution Plans. No other matters were discussed. The disclosure is filed under SEBI Listing Regulations by the Resolution Professional appointed via NCLT Mumbai order dated June 16, 2023.
The company remains in active insolvency proceedings with the bidding process narrowing down potential resolution applicants. Shareholders face continued uncertainty as the outcome of the resolution process will determine the future ownership and structure of the company, with potential for significant equity dilution or restructuring.