Value Industries Limited has informed the Exchange about Corporate Insolvency Resolution Process
Awaiting price reaction for this filing.
Value Industries Limited has informed stock exchanges that the 59th meeting of the consolidated Committee of Creditors (CoC) will be held on March 18, 2026. This meeting covers 13 Videocon group companies under a single consolidated Corporate Insolvency Resolution Process (CIRP). The company has been under CIRP since the NCLT order dated September 5, 2018, with subsequent orders in August and September 2019. The meeting is being conducted under IBBI's insolvency resolution regulations. Abhijit Guhathakurta continues to serve as the Resolution Professional for the group.
This is a routine procedural update within an ongoing insolvency process that has lasted since 2018, showing no near-term resolution. Shareholders should remain cautious as prolonged insolvency proceedings generally mean limited recovery prospects and continued uncertainty about equity value.