Reliance Communications Committee of Creditors to Convene for 66th Meeting

 

Reliance Communications Committee of Creditors to Convene for 66th Meeting

Mumbai, October 26, 2025 – Reliance Communications Limited (RCOM), which is currently undergoing a corporate insolvency resolution process, has informed the stock exchanges that its Committee of Creditors (CoC) will hold its 66th meeting on Monday, October 27, 2025.

The intimation was filed with both the BSE Limited (Scrip Code: 532712) and the National Stock Exchange of India Limited (Symbol: RCOM) in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Ongoing Insolvency Process

The disclosure reiterates that the company remains under the Corporate Insolvency Resolution Process (CIRP) as per the Insolvency and Bankruptcy Code, 2016 (IBC). The affairs, business, and assets of the company are being managed by the Resolution Professional, Mr. Anish Niranjan Nanavaty.

Mr. Nanavaty was appointed by the National Company Law Tribunal (NCLT), Mumbai Bench, in May 2019, and the powers of the board of directors were vested in him effective June 28, 2019.

Context and Significance

The scheduling of a CoC meeting is a standard procedure in the IBC timeline, where the committee of financial creditors meets to discuss and decide on critical matters related to the resolution of the corporate debtor. These meetings can cover a range of agenda items, including:

• Discussion on resolution plans submitted by potential bidders.

• Negotiations with prospective applicants.

• Approval of key operational decisions for the company during the process.

• Extensions of the CIRP timeline, if required.

The fact that this is the 66th meeting of the CoC highlights the protracted and complex nature of the insolvency proceedings for the debt-laden telecom operator, which began over six years ago.

Next Steps for Stakeholders

While the specific agenda for the October 27th meeting was not disclosed in this filing, the outcome of any significant decisions made by the CoC will likely be communicated to the exchanges in subsequent filings. Investors and market participants will be monitoring for any updates that could indicate progress towards a final resolution plan for the company.

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About Reliance Communications Limited (Under CIRP):
Reliance Communications Limited is a telecom service provider that is currently under the Corporate Insolvency Resolution Process governed by the Insolvency and Bankruptcy Code, 2016. The company's operations and management are under the control of the Resolution Professional.

For further information, please contact:
Registered Office: H Block, 1st Floor, Dhirubhai Ambani Knowledge City, Navi Mumbai - 400 710.
Website: http://www.rcom.co.in

This article is based on a public disclosure made by Reliance Communications Limited to the stock exchanges on October 26, 2025.