VXL Instruments Limited has informed the Exchange regarding the Outcome of the 11th meeting of Committee of Creditors held on 20th May 2025
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
VXL Instruments Limited informed BSE that the 11th meeting of its Committee of Creditors (CoC) was held on May 20, 2025, at Nariman Point, Mumbai. The meeting ran from 2:00 PM to 2:45 PM, a short 45-minute session. The company is currently undergoing the Corporate Insolvency Resolution Process (CIRP) following an NCLT Mumbai Bench order dated November 26, 2024. The Resolution Professional, Jayanti Lal Jain, signed the filing. No specific resolution outcomes or decisions from the meeting are disclosed in this filing.
This is a routine procedural update during an ongoing insolvency process. For shareholders, the stock remains under CIRP with no clarity yet on resolution, liquidation, or revival plans from this filing alone. Investors should watch for future disclosures with actual CoC decisions, as those will materially affect equity value — which under IBC rules typically ends up being wiped out or heavily diluted for existing shareholders.