VXL Instruments Limited has informed the Exchange about the Post Facto Intimation of the Ninth (9th) meeting of Committee of Creditors held on Saturday, 03rd May 2025
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On the reaction day the stock moved 7.5 pts more than Nifty Microcap 250 and 8.3 pts more than its Consumer Electronics peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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VXL Instruments Limited informed the exchange that the 9th meeting of the Committee of Creditors (CoC) was held on Saturday, 03rd May 2025, from 11:30 AM to 03:45 PM in Mumbai and via video conferencing. The company is currently undergoing the Corporate Insolvency Resolution Process (CIRP) following an NCLT Mumbai Bench order dated 26th November 2024. The intimation was signed by the appointed Resolution Professional, Jayanti Lal Jain. No specific decisions from the meeting have been disclosed in this filing.
This is a routine procedural update under the Insolvency and Bankruptcy Code confirming that insolvency proceedings are actively progressing with creditor meetings continuing. Shareholders should note that equity holders typically face dilution or extinction of value once a resolution plan is approved, and the outcome of the ongoing CIRP remains the key driver for the stock.