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 notified about the upcoming 61st meeting of the consolidated Committee of Creditors (CoC) scheduled for May 21, 2026. The company has been under Corporate Insolvency Resolution Process (CIRP) since an NCLT order dated September 5, 2018. This is a consolidated CIRP covering Value Industries and 12 other Videocon group companies. The meeting will be held under Regulation 19 of the IBBI (Insolvency Resolution Process for Corporate Persons) Regulations, 2016. The Resolution Professional overseeing the process is Abhijit Guhathakurt.
The stock remains suspended and is currently trading at negligible volumes. The ongoing CIRP indicates the company is still in the resolution phase, with no final resolution plan approved yet. Shareholders should note that the outcome of CoC meetings can significantly impact the eventual recovery value for creditors and equity holders.