Second Committee of Creditors meeting under insolvency process scheduled for 30 September 2026

The company is undergoing the Corporate Insolvency Resolution Process (CIRP).

Fri 25 Sep 2026

Meeting Date

Wednesday, 30th September 2026

Meeting Time

5:00 p.m.

Meeting Mode

video conferencing / other audio-visual means

Process Status

Corporate Insolvency Resolution Process (CIRP)

What was shared

The company informed BSE that it is undergoing the Corporate Insolvency Resolution Process (CIRP), and gave prior intimation of the second meeting of the Committee of Creditors (CoC).

• Date: Wednesday, 30th September 2026
• Time: 5:00 p.m.
• Mode: video conferencing / other audio-visual means

What CIRP and the CoC mean

When a company is admitted into insolvency proceedings, its management passes to an insolvency professional, and a Committee of Creditors is formed from the lenders. The CoC meets to review the company's position and vote on key steps, such as appointments, costs and eventually any resolution plan for the company.

What this means for shareholders

This particular update is an advance notice of a meeting. It does not itself change anything about the company's operations or its shares. However, it is a reminder that the company remains under an insolvency process, in which equity shareholders rank last in priority and outcomes depend on what the creditors ultimately approve.

The communication was submitted by the insolvency professional handling the process.

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