Shirpur Gold Refinery Limited Unable to Submit Q3FY26 Regulatory Compliances Due to CIRP Proceedings

1 min read Updated on 23 Jan 2026, 06:54 PM

Reviewed by

Shriram SScanX News Team

Overview

Shirpur Gold Refinery Limited cannot submit various Q3FY26 regulatory compliances due to ongoing CIRP proceedings since 24 June 2024. Service providers NSDL, CDSL, and RTA have suspended services over unpaid fees by former management, preventing submission of shareholding patterns, audit reports, and other mandatory disclosures. The company remains exempt from certain corporate governance requirements during the insolvency process.

*this image is generated using AI for illustrative purposes only.

Shirpur Gold Refinery Limited has notified stock exchanges of its inability to submit several mandatory regulatory compliances for the quarter ended 31 December 2025, citing ongoing Corporate Insolvency Resolution Process (CIRP) proceedings that have disrupted normal operations.

CIRP Background and Timeline

The company entered CIRP proceedings on 24 June 2024 when the National Company Law Tribunal, Mumbai Bench admitted an application filed by Prudent ARC Ltd under Section 7 of the Insolvency and Bankruptcy Code, 2016. Ashish Vyas was initially appointed as Interim Resolution Professional and subsequently confirmed as Resolution Professional following the first Committee of Creditors meeting on 24 July 2024 and e-voting concluded on 14 September 2024.

Service Disruptions Affecting Compliance

The Resolution Professional explained that National Securities Depository Limited (NSDL), Central Depository Services Limited (CDSL), and the Registrar and Transfer Agent (RTA) have ceased providing essential services to the company. These service providers stopped offering Benpos regarding shareholding data due to non-payment of outstanding fees by the erstwhile management.

Non-Compliant Regulatory Requirements

The company cannot submit the following mandatory compliances for Q3FY26:

Compliance Type:	Regulation
Shareholding Pattern:	Regulation 31(b) of SEBI (LODR) Regulations, 2015
Share Capital Audit Report:	Regulation 76 of SEBI (Depositories and Participants) Regulations, 2018
Compliance Certificate from RTA:	Regulation 74(5) of SEBI (D&P) Regulations, 2018
Investor Complaints:	Regulation 13(3) SEBI LODR Regulations, 2015
Encumbered Shares Disclosure:	Regulation 31(4) of SEBI (SAST) Regulations, 2011

Regulatory Exemptions During CIRP

The company noted that it remains exempt from certain compliance requirements during the insolvency process. Under Regulations 15(2A) and 15(2B) of SEBI (LODR) 2015, Shirpur Gold Refinery is not required to comply with Regulations 17 to 21, which include corporate governance provisions. Consequently, the company is also exempt from filing Corporate Governance reports under Regulation 27 of SEBI (LODR) 2015.

Current Status

The Resolution Professional has formally communicated these circumstances to both the National Stock Exchange of India (NSE Symbol: SHIRPUR-G) and BSE Limited (Scrip Code: 512289), requesting that the exchanges take note of the company's inability to meet standard compliance requirements due to the ongoing insolvency proceedings and associated operational constraints.

Shirpur Gold Refinery Limited Conducts 26th Committee of Creditors Meeting Under CIRP

1 min read Updated on 12 Dec 2025, 07:20 PM

Reviewed by

Suketu GScanX News Team

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Overview

Shirpur Gold Refinery Limited completed its Twenty-Sixth Committee of Creditors meeting on December 12, 2025, under the Corporate Insolvency Resolution Process. The meeting was rescheduled from 12:00 PM to 5:00 PM and conducted via Zoom video conferencing, concluding at 5:48 PM. Resolution Professional Ashish Vyas supervised the proceedings, and the company informed stock exchanges in compliance with SEBI listing regulations.

*this image is generated using AI for illustrative purposes only.

Shirpur Gold Refinery Limited has informed stock exchanges about the completion of its Twenty-Sixth Committee of Creditors (CoC) meeting held on December 12, 2025. The company, which is currently undergoing Corporate Insolvency Resolution Process (CIRP), conducted the meeting through video conferencing platform.

Meeting Details and Timeline

The Committee of Creditors meeting experienced a scheduling change during the day. Originally planned for 12:00 PM, the meeting was postponed and rescheduled to 5:00 PM on the same day. The session was conducted via Zoom video conferencing and concluded at 5:48 PM.

Meeting Parameter:	Details
Meeting Number:	Twenty-Sixth (26th) CoC Meeting
Date:	December 12, 2025
Original Time:	12:00 PM
Rescheduled Time:	5:00 PM
Conclusion Time:	5:48 PM
Platform:	Zoom Video Conferencing

Corporate Insolvency Resolution Process Status

Shirpur Gold Refinery Limited continues to operate under the Corporate Insolvency Resolution Process, with Ashish Vyas serving as the Resolution Professional. The company maintains its listing status on both major Indian stock exchanges with NSE symbol SHIRPUR-G and BSE scrip code 512289.

Regulatory Compliance

The company has fulfilled its disclosure obligations under Regulation 30 and Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The notification was formally communicated to both the National Stock Exchange of India Limited and BSE Limited, ensuring transparency with stakeholders regarding the CoC meeting proceedings.

The Resolution Professional, registered with IBBI registration number IBBI/IPA-001/IP-P-01520/2018-2019/12267, oversees the ongoing insolvency resolution process for the gold refinery company.