VXL Instruments Limited has informed the Exchange about the Tenth (10th) meeting of Committee of Creditors to be held on Monday, May 12, 2025
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VXL Instruments Limited, which has been under the Corporate Insolvency Resolution Process (CIRP) since the NCLT Mumbai Bench admitted it into insolvency on November 26, 2024, has informed the exchange about its 10th Committee of Creditors (CoC) meeting scheduled for May 12, 2025, at 2:00 p.m. in Mumbai. The meeting is being conducted by the appointed Resolution Professional, Jayanti Lal Jain, and may be attended in person or via audio/video conferencing. This is a procedural disclosure made under SEBI listing regulations. The fact that this is the 10th CoC meeting indicates that the insolvency resolution process has been ongoing for several months without a concluded resolution plan.
For shareholders, this confirms the company remains under active insolvency proceedings with no approved resolution plan yet, meaning equity value continues to be at significant risk and the stock remains effectively suspended in terms of normal business prospects.