Value Industries Limited has informed the Exchange about Corporate Insolvency Resolution Process
Awaiting price reaction for this filing.
Value Industries Limited has informed the stock exchanges that the 50th meeting of the consolidated Committee of Creditors (CoC) will be held on June 5, 2025. The CoC covers Value Industries along with 12 other Videocon group companies under a single consolidated Corporate Insolvency Resolution Process (CIRP). The company has been under CIRP since an NCLT order dated September 5, 2018, with subsequent orders in August and September 2019. Abhijit Guhathakurta is acting as the Resolution Professional for the 13 Videocon group companies. This is a routine procedural intimation under SEBI Listing Regulations and IBBI norms, not a new development in the insolvency case.
No new impact for shareholders from this filing itself — the company has been under insolvency since 2018 and this is just a scheduled creditors' meeting notice. The 50th CoC meeting suggests the resolution process has been prolonged, which is negative for shareholders waiting for resolution or revival. Any outcomes from the meeting would need to be tracked separately.