Spectra Industries Limited , a company currently undergoing insolvency proceedings, held a crucial Committee of Creditors (CoC) meeting on June 11, 2025, as part of its ongoing Corporate Insolvency Resolution Process (CIRP). The meeting, which lasted from 12:00 PM to 2:30 PM, focused on conducting inter se bidding for negotiation with Resolution Applicants on their proposed Resolution Plans.

Key Highlights of the CoC Meeting

• Purpose: The primary objective of the meeting was to facilitate inter se bidding among Resolution Applicants, a critical step in the insolvency resolution process.
• Duration: The meeting commenced at 12:00 PM and concluded at 2:30 PM.
• Scope: No other matters were discussed during the meeting apart from the inter se bidding process.

Background of Insolvency Proceedings

Spectra Industries Limited has been under insolvency proceedings following an order by the National Company Law Tribunal (NCLT), Mumbai bench, dated June 16, 2023. The company's affairs are currently being managed by a Resolution Professional appointed by the NCLT.

Corporate Details

Compliance with Regulatory Requirements

The company has duly informed the BSE Limited about the outcome of the CoC meeting, in compliance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Resolution Professional Details

The Resolution Professional overseeing Spectra Industries Limited's insolvency process is registered with the Insolvency and Bankruptcy Board of India (IBBI) under the registration number IBBI/IPA-001/IP/P-01463/2018-2019/12338. Their Authorization for Assignment (AFA) is valid until December 31, 2025.

This meeting marks a significant step in Spectra Industries' insolvency resolution process, as the company works towards finding a viable solution for its financial difficulties. Stakeholders and investors will be keenly watching the outcomes of these negotiations and the potential impact on the company's future.

Spectra Industries Limited , currently undergoing insolvency proceedings, has held its 18th Committee of Creditors meeting on June 3, 2025. The meeting, which lasted from 12:00 P.M. to 12:20 P.M., focused on adopting an inter se bidding mechanism for resolution plans received from resolution applicants.

Meeting Outcome

The primary outcome of the meeting was:

• Adoption of an inter se bidding mechanism for resolution plans received from resolution applicants by the Resolution Professional.

This mechanism will be used to evaluate resolution plans submitted by potential applicants as part of the ongoing resolution process.

Insolvency Proceedings

Spectra Industries has been under insolvency proceedings following an order by the National Company Law Tribunal (NCLT), Mumbai, dated June 16, 2023. The Resolution Professional, appointed through this order, is overseeing the company's affairs during this period.

Meeting Details

Company Information

Resolution Professional Details

The meeting was conducted under the supervision of the Resolution Professional, whose details are as follows:

The adoption of the inter se bidding mechanism is a crucial step in Spectra Industries' ongoing insolvency resolution process. This development will help in evaluating and comparing the resolution plans submitted by various applicants, potentially leading to a more efficient and transparent resolution process.