VXL Instruments Limited has informed the Exchange about the Eleventh (11th) meeting of Committee of Creditors to be held on Tuesday, May 20, 2025
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VXL Instruments Limited, currently undergoing Corporate Insolvency Resolution Process (CIRP) following an NCLT Mumbai Bench order dated 26th November 2024, has informed BSE about its 11th Committee of Creditors (COC) meeting scheduled for May 20, 2025, at 2:00 p.m. in Mumbai. The meeting will be conducted by the Resolution Professional, Jayanti Lal Jain. This is a routine procedural disclosure made under SEBI Listing Regulations. The repeated COC meetings indicate that the resolution process is still ongoing without a resolution plan being approved yet.
Shareholders should note that the company remains under insolvency proceedings with no resolution plan approved after over six months. Continued COC meetings without resolution could indicate delays, and equity holders typically face significant risk of dilution or loss in value under CIRP.