Videocon Industries Limited has informed the Exchange about Corporate Insolvency Resolution Process
Awaiting price reaction for this filing.
Videocon Industries has informed the stock exchanges about the upcoming 52nd meeting of the consolidated Committee of Creditors (CoC), scheduled for August 7, 2025. The meeting relates to the ongoing Corporate Insolvency Resolution Process (CIRP) covering Videocon Industries and 12 other Videocon group companies under a consolidated process. The CIRP was originally admitted by the NCLT on June 6, 2018, with subsequent orders on August 8, 2019 and September 25, 2019. Abhijit Guhathakurta of Deloitte India Insolvency Professionals LLP is acting as the Resolution Professional. The fact that this is the 52nd CoC meeting indicates the resolution process has been ongoing for over seven years without a concluded resolution plan.
Shareholders face continued uncertainty as the company remains under insolvency proceedings with no resolution plan approved yet. The prolonged CIRP with frequent CoC meetings suggests complex creditor negotiations, and any eventual resolution plan could significantly impact equity value — potentially resulting in equity dilution or minimal returns for shareholders.