Gujarat Toolroom Ltd (513337)

Gujarat Toolroom Limited has informed the exchanges that the second meeting of its Committee of Creditors (CoC) will take place on Saturday, November 14, 2026, at 11:30 AM via physical and video conferencing. The company was admitted into the Corporate Insolvency Resolution Process (CIRP) by the NCLT Ahmedabad Bench on September 30, 2026. The company faces severe financial distress with ₹66 Cr in debt against a market capitalization of ₹63 Cr, alongside zero promoter shareholding and zero revenue in recent quarters.

• 2nd Committee of Creditors (CoC) meeting scheduled for Saturday, November 14, 2026, at 11:30 AM
• CIRP initiation order was passed by NCLT Ahmedabad Bench – Court II on September 30, 2026
• Previous intimation regarding CIRP admission filed with stock exchanges on October 21, 2026
• Current debt stands at ₹66 Cr relative to a market cap of ₹63 Cr

Gujarat Toolroom Limited has announced that the 1st meeting of its Committee of Creditors (CoC) will take place on October 30, 2026, via physical and video conferencing. The company was admitted into the Corporate Insolvency Resolution Process (CIRP) by the NCLT Ahmedabad Bench on September 30, 2026. The company carries total debt of Rs 66 Cr against a market cap of Rs 63 Cr, with promoter holding currently at 0.0%. CIRP proceedings indicate significant financial distress following a sharp revenue collapse to Rs 22.59 Cr in FY26.

• First Meeting of the Committee of Creditors (CoC) scheduled for October 30, 2026, at 11:30 AM IST
• NCLT Ahmedabad Bench initiated CIRP against the company vide order dated September 30, 2026
• Prior intimation regarding CIRP admission was submitted on October 21, 2026
• Interim Resolution Professional Iqbal Singh Gandhi appointed with authorization valid up to 30-06-2027

Gujarat Toolroom Limited has entered the Corporate Insolvency Resolution Process (CIRP) pursuant to an order dated September 30, 2026. Interim Resolution Professional (IRP) Iqbal Singh Gandhi published the Form A public announcement on October 3, 2026, inviting claims from creditors. The submission deadline for creditor claims was October 17, 2026, and the estimated completion date of CIRP is March 29, 2027.

• Insolvency commencement date: September 30, 2026 (order copy received October 1, 2026)
• Public announcement in Form A published in newspapers on October 3, 2026
• Deadline for submission of claims by creditors was October 17, 2026
• Estimated CIRP completion date set for March 29, 2027

NCLT Ahmedabad Division Bench has admitted an operational creditor petition under Section 9 of the Insolvency and Bankruptcy Code against Gujarat Toolroom Limited vide order dated September 30, 2026. The Corporate Insolvency Resolution Process (CIRP) has been initiated, and Iqbal Singh Gandhi has been appointed as the Interim Resolution Professional (IRP). Powers of the board of directors stand suspended and management of the company vests with the IRP. The company carries Rs 66 Cr of debt against a market cap of Rs 63 Cr, with FY26 revenue dropping to Rs 23 Cr from Rs 886 Cr in FY25.

• NCLT Ahmedabad admitted the insolvency application under Section 9 of IBC via order dated 30.09.2026 (received 01.10.2026)
• CIRP initiated under petition CP (IB) 158/NCLT/AHM/2026 against Gujarat Toolroom Limited
• Iqbal Singh Gandhi appointed as the Interim Resolution Professional (IRP Registration IBBI/IPA-001/IP-P-02365/2021-2022/13524)