The 4th meeting of committee of creditors of Dhruv Wellness Limited (in CIRP) held on 13th August, 2025 at 05:00 PM Via virtual video conferencing mode.
Awaiting price reaction for this filing.
Dhruv Wellness Limited, currently under Corporate Insolvency Resolution Process (CIRP) since NCLT Mumbai's order dated 18th February 2025, held its 4th Committee of Creditors (CoC) meeting on 13th August 2025 via video conferencing. The Resolution Professional, IP CA Ashok Mittal, presented key items including approval of CIRP costs of ₹4,94,989, ratification of 27 prospective resolution applicants in the final list, and approval of new claims from MAS Financial Services (~₹1.18 crore) and CDSL (~₹58,302). The RP also sought CoC consent to file an application with NCLT Mumbai for excluding 20 days and extending the CIRP period by 90 days, as the current CIRP timeline expires on 17th August 2025 and the resolution plan approval is still pending. Key creditors include Axis Bank, SBI (secured), and Dhani Loans and Kotak Mahindra Bank (unsecured).
The company remains in active insolvency proceedings with no resolution plan approved yet, and shareholders face continued uncertainty as the process may be extended by another 90 days. The filing of 27 prospective resolution applicants suggests ongoing interest in acquiring the company, but approval of the resolution plan is still pending, which keeps the stock highly speculative and risky for retail investors.