Videocon Industries Limited has informed the Exchange about Corporate Insolvency Resolution Process
Awaiting price reaction for this filing.
Videocon Industries Limited has notified the exchanges about the scheduled 60th meeting of the consolidated Committee of Creditors (CoC) to be held on April 17, 2026. The meeting involves Videocon Industries Limited along with 12 other Videocon group companies under a unified Corporate Insolvency Resolution Process. The company has been under CIRP since the NCLT order dated June 6, 2018, with additional orders on August 8, 2019 and September 25, 2019. An Insolvency Professional, Abhijit GuhathakURTA, is overseeing the consolidated process for all 13 Videocon group companies.
The ongoing insolvency proceedings indicate that shareholders continue to have no control over the resolution process, which is being driven by creditors' interests. The stock remains under NCLT oversight, and any eventual resolution plan could significantly dilute or wipe out existing equity holdings.