Post-facto intimation of 8th Committee of Creditors meeting under CIRP

The Resolution Professional has informed the exchange that the 8th meeting of the Committee of Creditors (CoC) of the company was held on Thursday, September 17, at 11:30 A.M.

Tue 29 Sep 2026

Meeting

8th meeting of the Committee of Creditors (CoC)

Date

Thursday, September 17, at 11:30 A.M.

Update Type

Post-facto intimation under Regulation 30 of SEBI LODR

Process Status

Corporate Insolvency Resolution Process (CIRP) ongoing

Resolution Professional

Sumeet Surendra Chimbalkar

What was shared

Sumeet Surendra Chimbalkar, the Resolution Professional of the company, has intimated BSE that the 8th meeting of the Committee of Creditors (CoC) was held on Thursday, September 17, at 11:30 A.M. This is a post-facto intimation, meaning it was sent after the meeting took place.

Context

• The company is under the Corporate Insolvency Resolution Process (CIRP), as informed in an earlier intimation regarding initiation of CIRP.
• Under CIRP, the board's powers stand suspended and the Resolution Professional manages the company's affairs.
• The CoC is the group of financial creditors that takes key decisions during the insolvency process, such as considering resolution plans.

What this means for shareholders

This intimation records the holding of the meeting. It is a procedural disclosure made under the listing rules for companies undergoing insolvency.

Equity shareholders rank last in an insolvency process, after financial and operational creditors. The eventual outcome for shareholders depends on the resolution plan that the CoC approves and the National Company Law Tribunal sanctions.

What to watch next

• Further intimations on CoC meetings and their outcomes.
• Any announcement on receipt, evaluation or approval of resolution plans.
• Orders from the adjudicating authority relating to the CIRP.

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