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 about the upcoming 58th meeting of the consolidated Committee of Creditors (CoC), scheduled for February 16, 2026. The company, along with 12 other Videocon group companies, has been under a consolidated Corporate Insolvency Resolution Process (CIRP) since the NCLT order dated September 5, 2018, with subsequent orders in August and September 2019. The meeting will be conducted under the Insolvency and Bankruptcy Board of India (IBBI) regulations. Abhijit Guhathakurta continues to serve as the Resolution Professional for the 13 Videocon group companies.
This is a routine procedural update indicating the insolvency resolution process is still ongoing after over 7 years. Shareholders remain in limbo with no resolution plan approved yet, and the prolonged CIRP suggests significant uncertainty regarding asset recovery and the future of the company.