RCI Industries & Technologies Ltd — Updates, 03-06-2025: Company Update

RCI Industries and Technologies Limited remains under Corporate Insolvency Resolution Process (CIRP) since November 2022, with the Resolution Professional (RP) managing the company’s affairs. The company faced key compliance challenges: no qualified Company Secretary was appointed due to resignations and difficulty in recruitment, delayed filings related to shareholder complaints and corporate governance reports, and non-payment of annual listing fees to BSE due to financial constraints amid CIRP. The previous statutory auditor resigned, and a newly appointed auditor also resigned recently; the RP is currently seeking a replacement. Despite delays, disclosures related to related party transactions and insider trading compliance were maintained as per CIRP guidelines.