Pursuant to Regulation 30 of SEBI (LODR) Regulation 2015 we wish to inform you that the Committee of Creditors of the company in their meeting held today i.e 29th July 2025 inter alia noted ....
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Awaiting price reaction for this filing.
Tricom Fruit Products Limited held a Committee of Creditors meeting on 29th July 2025, where the unaudited financial results for the quarter ended 30 June 2025 were noted and approved by the Resolution Professional. The company is undergoing Corporate Insolvency Resolution Process (CIRP) under Section 10 of the Insolvency and Bankruptcy Code, 2016, after NCLT admitted the case via order dated 13 August 2024 and appointed Mr. Prakash Naringrekar as the Interim Resolution Professional. The company's fruit processing operations have been discontinued, its property, plant and equipment were already sold by Edelweiss Asset Reconstruction Company, and there are effectively no assets left. Revenue from operations is negligible, interest on loans has not been provided since April 2017, and the financial statements continue to be prepared on a going concern basis only as required under IBC rules.
This is highly negative for shareholders — the company has no operations, no assets, and is in active insolvency proceedings, meaning equity holders are very unlikely to receive any recovery. The stock is effectively a distressed penny stock with the resolution process ongoing under NCLT/IBC.