Techindia Nirman Limited has informed the Exchange about Corporate Insolvency Resolution Process
Awaiting price reaction for this filing.
Techindia Nirman Limited has informed the exchanges that the eighth meeting of the Committee of Creditors (CoC) will be held on 10th June 2025 at 4:30 PM. The company is currently undergoing the Corporate Insolvency Resolution Process (CIRP) following an NCLT Mumbai Bench order dated 2nd January 2025. Mr. Vallabh Narayandas Sawana was appointed as the Interim Resolution Professional and is now acting as the Resolution Professional. This is a procedural intimation under SEBI LODR regulations, and the meeting will follow the IBBI Insolvency Resolution Process regulations.
Negative for shareholders — the company has been under insolvency resolution for over five months with eight creditor meetings already held, signalling prolonged financial distress. Equity holders are last in the repayment priority and face high risk of significant value erosion or total loss depending on the resolution plan outcome.