VXL Instruments Limited has informed the Exchange regarding the Outcome of the Thirteenth (13th) meeting of Committee of Creditors held on Tuesday, June 03, 2025
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Awaiting price reaction for this filing.
VXL Instruments Limited, which is currently under the Corporate Insolvency Resolution Process (CIRP) following an NCLT Mumbai Bench order dated November 26, 2024, has informed BSE about its 13th Committee of Creditors (CoC) meeting. The meeting was held on June 3, 2025, both physically at Nariman Point, Mumbai and via audio/video conferencing. It lasted only 30 minutes, from 3:00 PM to 3:30 PM. Resolution Professional Jayanti Lal Jain (IBBI registration valid through December 31, 2025) is overseeing the process. The filing does not disclose any specific decisions, financial details, or outcomes from the meeting — it is a routine procedural compliance update under the Insolvency and Bankruptcy Code, 2016.
This is a routine procedural disclosure with no specific business or financial outcome mentioned, so it is unlikely to move the stock price on its own. However, the fact that the company is still under CIRP (now over 6 months since the NCLT admission) signals continued uncertainty for shareholders, who remain at risk of significant dilution or write-down depending on the final resolution plan or liquidation outcome.