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 52nd meeting of the consolidated Committee of Creditors (CoC) will be held on August 7, 2025. The company is part of a consolidated Corporate Insolvency Resolution Process (CIRP) covering 13 Videocon group companies, which was admitted by the NCLT via orders dated September 5, 2018, August 8, 2019, and September 25, 2019. The CoC meeting is being conducted under the IBBI's Insolvency Resolution Process regulations. Abhijit Guhathakurta continues to serve as the Resolution Professional for the group.
This is a routine procedural update from a company already deep into a multi-year insolvency process. The long-running CIRP (ongoing since 2018, now in its 52nd CoC meeting) signals prolonged uncertainty for shareholders, with resolution still pending and equity likely to face significant dilution or extinction depending on the resolution plan approved.