Videocon Industries Limited has informed the Exchange about the event related to Pre-facto intimation of the meetings of Committee of Creditors dated July 07 2025
Awaiting price reaction for this filing.
Videocon Industries Limited has informed the exchanges about its 51st consolidated Committee of Creditors (CoC) meeting scheduled for Monday, July 7, 2025. The meeting covers Videocon Industries and 12 other Videocon group companies under a consolidated corporate insolvency resolution process (CIRP). The filing is a routine regulatory disclosure under SEBI Listing Regulations and IBBI norms. The company has been under CIRP since the NCLT order dated June 6, 2018, with subsequent orders in August and September 2019, meaning the insolvency proceedings have been ongoing for over seven years. The process is currently being administered by Deloitte India Insolvency Professionals LLP.
This is a procedural intimation rather than a new development, so expect little immediate stock price reaction. However, the fact that 51 CoC meetings have been needed since 2018 highlights how prolonged and unresolved the insolvency remains, which is a continuing negative for shareholders awaiting clarity on recoveries.