Zicom Electronic Security Systems Ltd. Corporate Filings & Announcements

Latest corporate announcements and filings from Zicom Electronic Security Systems Ltd. on BSE

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Zicom Electronic Security Systems Ltd.

03 Jan 2024

Company Update

ZICOM ELECTRONIC SECURITY SYSTEMS LTD.-$ - 531404 - Corporate Insolvency Resolution Process (CIRP)-Outcome of meeting of …

BSE India

The resolutions put to vote were not approved with requisite majority by the CoC

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Zicom Electronic Security Systems Ltd.

27 Sep 2023

Corp. Note

ZICOM ELECTRONIC SECURITY SYSTEMS LTD.-$ - 531404 - Board Meeting Outcome for Outcome Of The Board …

BSE India

the Board Meeting was conducted on Wednesday, September 27, 2023, wherein, the following matters were considered: 1. Update on the Corporate Insolvency Resolution Process of the Corporate Debtor- Board took note of an update of the corporate insolvency resolution process of the Company and also status of the compliances including the adequate steps to be undertaken with an intent to adhere to the applicable provisions of the law. The Board Meeting concluded at 04.00 PM.

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Zicom Electronic Security Systems Ltd.

01 Sep 2023

Company Update

ZICOM ELECTRONIC SECURITY SYSTEMS LTD.-$ - 531404 - Corporate Insolvency Resolution Process (CIRP)-Filing of Resolution plan …

BSE India

The undersigned would like to inform you that an application has been filed before the NCLT, Mumbai Bench, seeking an approval of the Resolution Plan under Section 30(6) read with Section 31 of the Code, read with Regulation 39 of the CIRP Regulations. The said application is yet to be listed for first hearing.

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Zicom Electronic Security Systems Ltd.

20 Aug 2023

Company Update

ZICOM ELECTRONIC SECURITY SYSTEMS LTD.-$ - 531404 - Corporate Insolvency Resolution Process (CIRP)-Outcome of meeting of …

BSE India

The e-voting of the Twenty-First Meeting of the CoC of the Corporate Debtor was concluded at 5.00 PM on August 18, 2023. The following resolutions were put for e-voting, however, the same did not get requisite majority of the CoC: 1. To approve the estimated liquidation cost of the Corporate Debtor for a period of 1 year amounting to Rs. 95.00 Lakh and the contribution plan of the said estimated net liquidation cost by the CoC members, in terms of Regulation 39B of the CIRP Regulations, subject to Corporate Debtor undergoing liquidation; 2. In terms of Regulation 39C, the CoC recommends that the assets or group of assets of the Corporate Debtor can be sold on a slump sale basis or individual basis, rather than selling the Corporate Debtor as a going concern basis, subject to corporate debtor undergoing liquidation; 3. To fix the fees of the Liquidator of the Corporate Debtor in terms of Regulation 4(2) of the Liquidation Regulations, subject to Corporate Debtor undergoing liquidation.

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Zicom Electronic Security Systems Ltd.

20 Aug 2023

Company Update

ZICOM ELECTRONIC SECURITY SYSTEMS LTD.-$ - 531404 - Corporate Insolvency Resolution Process (CIRP)-Outcome of meeting of …

BSE India

The Nineteenth Meeting of CoC of the Corporate Debtor was concluded at 5. 00 PM on August 18, 2023. Further, the following resolutions were put for voting and the same were approved with requisite majority by the CoC: 1. Distribution of resolution plan submitted by one of the resolution applicant as non-responsive and subsequent forfeiture of the Earnest Money Deposit submitted by them; 2. Declaration of Resolution Plan Proceeds amongst the Financial Creditors/ Members of CoC in the ratio of 40: 60, i.e., 40 % towards secured financial creditors and 60% towards Unsecured Financial Creditors; 3. Out of the 3 (three) Compliant Resolution Plan(s) that were put for e-voting, one compliant resolution plan has been approved by the CoC with the requisite majority which is subject to approval by the Hon''ble NCLT, Mumbai Bench. 4. Ratification of cost incurred from April 07, 2023, till June 05, 2023, related to the Corporate Insolvency Resolution Process.

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Zicom Electronic Security Systems Ltd.

22 Jun 2023

Company Update

ZICOM ELECTRONIC SECURITY SYSTEMS LTD.-$ - 531404 - Corporate Insolvency Resolution Process (CIRP)-Outcome of meeting of …

BSE India

The Twenty-Second Meeting of the CoC of the Corporate Debtor was held on June 20, 2023. Further, we wish to inform the Exchange that the CoC has decided and approved the following agenda item: 1. Corporate Insolvency Resolution Process of the Corporate Debtor be extended by a period of 30 days from June 25, 2023, and thereby, directed the Resolution Professional to file an appropriate application before the Hon'ble National Company Law Tribunal, Mumbai Bench seeking an approval of the same.

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Zicom Electronic Security Systems Ltd.

17 Jun 2023

Company Update

ZICOM ELECTRONIC SECURITY SYSTEMS LTD.-$ - 531404 - Corporate Insolvency Resolution Process (CIRP)-Outcome of meeting of …

BSE India

The Twenty-First Meeting of the CoC of the Corporate Debtor was held on June 16, 2023. Further, we wish to inform the Exchange that the CoC has decided to E-Vote on the agenda item as mentioned below: 1. Matter of meeting the Liquidation Cost, Assessment of Sale as a going concern and Liquidator Fees in terms of Regulation 39B, 39C and 39D of the CIRP Regulations respectively, subject to Corporate Debtor undergoing liquidation. The E-voting shall conclude on June 21, 2023, at 5.00 PM. The final E-voting results shall be communicated to the Exchange.

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Zicom Electronic Security Systems Ltd.

16 Jun 2023

Company Update

ZICOM ELECTRONIC SECURITY SYSTEMS LTD.-$ - 531404 - Corporate Insolvency Resolution Process (CIRP)-Outcome of meeting of …

BSE India

The Twentieth Meeting of the CoC of the Corporate Debtor was held on June 13, 2023. Further, we wish to inform the Exchange that the CoC at its said meeting inter-alia mainly considered the following matter: 1. Evaluation of the Resolution Plan(s) as per the approved Evaluation Matrix in terms of the CIRP Regulations.

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Zicom Electronic Security Systems Ltd.

09 Jun 2023

Company Update

ZICOM ELECTRONIC SECURITY SYSTEMS LTD.-$ - 531404 - Corporate Insolvency Resolution Process (CIRP)-Outcome of meeting of …

BSE India

The Nineteenth Meeting of the CoC of the Corporate Debtor was held on June 06, 2023. Further, we wish to inform the Exchange that the CoC at its said meeting has decided to E-Vote on the following matters: 1. The declaration of the resolution plan of one of the Resolution Applicant(s) as non-responsive and the subsequent forfeiture of the Earnest Money Deposit; 2. The Compliant Resolution Plan(s) in terms of Section 30 of the of the Code and Relevant CIRP Regulations; 3. The manner and modalities of the distribution proceeds out of the total outlay allocated to the financial creditors in the Compliant Resolution Plan(s); 4. Ratification of Cost incurred from April 07, 2023, till June 05, 2023, related to the Corporate Insolvency Resolution Process. The E-voting shall conclude on June 20, 2023, at 8.00 PM.

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Zicom Electronic Security Systems Ltd.

04 Jun 2023

Company Update

ZICOM ELECTRONIC SECURITY SYSTEMS LTD.-$ - 531404 - Corporate Insolvency Resolution Process (CIRP)-Outcome of meeting of …

BSE India

The Eighteenth Meeting of the CoC of the Corporate Debtor was held on June 02, 2023. Further, we wish to inform the Exchange that the CoC at its said meeting inter-alia mainly considered the following matter: 1. Discussion on the Resolution Plan(s) received from the Resolution Applicant(s) and decide further course of action in relation thereto.

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Is Zicom Electronic Security Systems Ltd. worth buying?

19 Votes:

Buy 57.89%

Sell 31.58%

Hold 10.53%