Videocon Industries Limited has informed the Exchange about Corporate Insolvency Resolution Process
Awaiting price reaction for this filing.
Videocon Industries Limited has informed the stock exchanges that the 49th meeting of the consolidated Committee of Creditors (CoC) for Videocon Industries and 12 other Videocon group companies is scheduled for May 7, 2025. The company is currently undergoing a consolidated Corporate Insolvency Resolution Process (CIRP) initiated by an NCLT order dated June 5, 2018, along with subsequent orders in August and September 2019. This is a routine procedural intimation under SEBI Listing Regulations regarding the upcoming CoC meeting. The insolvency process for the Videocon group has been ongoing for nearly 7 years, indicating prolonged resolution challenges.
No immediate impact on stock price expected from this routine meeting intimation. Shareholders continue to face uncertainty as the long-pending insolvency resolution process for Videocon group companies drags on, with resolution plans and creditor decisions pending outcome of the CoC meeting.