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CMI Limited Defers Financial Statement Approval Amid Insolvency Proceedings

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CMI Limited Defers Financial Statement Approval Amid Insolvency Proceedings

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CMI Limited ( (IN:CMICABLES) ) has issued an update.

CMI Limited has announced a deferment in the approval of its audited financial statements for the fiscal year ending March 31, 2025. This delay is due to the ongoing Corporate Insolvency Resolution Process (CIRP) initiated by Canara Bank under the Insolvency and Bankruptcy Code, 2016, with Mr. Deepak Maini appointed as the Resolution Professional. The company will reschedule the board meeting to approve the financial statements once the circumstances allow, and will notify the exchange of the new dates in due course.

More about CMI Limited

Average Trading Volume: 4,739

Technical Sentiment Signal: Sell

Current Market Cap: 62.83M INR

See more data about CMICABLES stock on TipRanks’ Stock Analysis page.

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