VXL Instruments Ltd has informed the Exchange about the 7th meeting of Committee of Creditors to be held on Tuesday, 22nd April, 2025
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VXL Instruments Ltd, which is already under the Corporate Insolvency Resolution Process (CIRP) following an NCLT Mumbai Bench order dated 26th November 2024, has informed BSE about its 7th meeting of the Committee of Creditors. The meeting is scheduled for Tuesday, 22nd April 2025 at 11:30 AM in Mumbai and will also be available via audio/video conferencing. The notice has been signed by Jayanti Lal Jain, the Resolution Professional appointed to oversee the insolvency process. The communication has been made under SEBI Listing Obligations Regulation 30.
This is a routine procedural update for an already insolvent company. Shareholders should note that VXL Instruments remains under CIRP, meaning equity value is highly uncertain and trading in the stock carries significant risk. The continued progress of CoC meetings suggests the resolution process is still ongoing with no resolution plan yet approved.