Please be informed that pursuant to Regulation 30 of the SEBI (Listing Obligation and Disclosures Requirements) Regulations, 2015, 11th meeting of Committee of Creditors of the Company ....
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Tricom Fruit Products has informed the BSE about the 11th meeting of its Committee of Creditors scheduled for May 27, 2025. The meeting will consider and approve the audited financial results for Q4 and the full year ended March 31, 2025. The letter is signed by a Resolution Professional registered with IBBI, indicating the company is currently under the Insolvency and Bankruptcy Code (IBC) process. The trading window for directors, officers, and designated employees remains closed from April 1, 2025 to May 29, 2025 in connection with the results declaration.
The presence of a Resolution Professional and an active Committee of Creditors confirms the company is undergoing insolvency proceedings, which is a serious red flag for shareholders. Existing equity holders typically face significant dilution or total loss under IBC resolution, and any financial results are being decided by creditors rather than the company's management.