Value Industries Limited has informed the Exchange about Corporate Insolvency Resolution Process
Awaiting price reaction for this filing.
Value Industries Limited, part of the Videocon group, has informed the stock exchanges about the upcoming 57th meeting of the consolidated Committee of Creditors (CoC) scheduled for January 13, 2026. The company along with 12 other Videocon group companies is undergoing a consolidated Corporate Insolvency Resolution Process (CIRP) initiated by an NCLT order dated September 5, 2018, with subsequent orders in August and September 2019. The meeting is being held under the IBBI's Insolvency Resolution Process regulations. Deloitte India Insolvency Professionals LLP is assisting in the process, and Abhijit Guhathakurta is the Resolution Professional.
This is a routine procedural filing and not a new development. Shareholders should note that the company has been under insolvency resolution for over 7 years with no resolution yet, indicating prolonged uncertainty for equity holders who typically face significant dilution or loss in CIRP outcomes.