Shirpur Gold Refinery Ltd

⚖️ Shirpur Gold Refinery Enters Corporate Insolvency Resolution Process

- Shirpur Gold Refinery Limited is undergoing Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code, 2016.

- The National Company Law Tribunal, Mumbai Bench, admitted the CIRP on June 24, 2024, with the order received by the Interim Resolution Professional (IRP) on June 25, 2024.

- Ashish Vyas was appointed as the Interim Resolution Professional (IRP) and later confirmed as the Resolution Professional (RP) after a Committee of Creditors meeting and e-voting concluded on September 14, 2024.

- A moratorium has been declared as part of the insolvency process.

- SEBI regulations regarding the Board of Directors and certain committees (Audit, Nomination, Stakeholders Relationship, Risk Management) are not applicable during the insolvency period; the IRP/RP fulfills these roles.

- The trading window for securities is closed from April 1, 2026, until 48 hours after the RP Committee Meeting approves the audited financial results for Q4 and year ending March 31, 2026. The meeting date will be communicated later.

- This affects all suspended Board of Directors and Designated Employees.