Event Context
The Company and 12 other Videocon group companies are currently under Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code, 2016. The affairs of the Company are being managed by the Resolution Professional in accordance with the Code's provisions.
Financial Results Delay
The Company intimates that it will not be able to submit the Quarterly Financial Results for the quarter ended June 30, 2026 (Q1 FY27) within the prescribed timelines under Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This delay is due to practical and procedural constraints arising from the ongoing CIRP.
Proposed Submission Timeline
The Company proposes to submit the Quarterly Financial Results for the quarter ended June 30, 2026 along with the Audited Financial Results for the financial year ended March 31, 2027. This submission will occur upon completion of the necessary processes required under the CIRP framework.
Regulatory Basis
The disclosure is made under Regulation 29(1) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 for information and records of the stock exchanges.
Insolvency Background
The CIRP was initiated by NCLT order dated September 05, 2018, read with subsequent orders dated August 2019 and September 25, 2019. The Resolution Professional is Abhijit Guhathakurta (Registration No.: IBBI/IPA-003/IP-N000103/2017-2018/11158, AFA No: AA3/11158/02/311226/301350 valid till December 31, 2026).