Videocon Industries Limited has informed the Exchange about Corporate Insolvency Resolution Process
Awaiting price reaction for this filing.
Videocon Industries informed stock exchanges that the 52nd meeting of the consolidated Committee of Creditors (CoC), originally scheduled for August 7, 2025, was postponed and instead held on August 12, 2025. The meeting covers 13 Videocon group companies that are jointly undergoing a consolidated Corporate Insolvency Resolution Process (CIRP) initiated by an NCLT order dated June 6, 2018. Abhijit Guhathakurta of Deloitte India Insolvency Professionals LLP is the Resolution Professional overseeing the process. The filing is a routine post-facto compliance disclosure under SEBI LODR Regulations.
This is a procedural update with no new material development for shareholders. The CIRP has been ongoing since 2018 (over 7 years) with no resolution yet approved, indicating continued uncertainty for equity holders who are likely to be last in the priority list for any recovery.