Gujarat Toolroom Limited has entered Corporate Insolvency Resolution Process (CIRP) following an order from the National Company Law Tribunal on September 30, 2026. A public announcement regarding the commencement of CIRP was published on October 3, 2026, in leading newspapers, and the interim resolution professional, Mr. Iqbal Singh Gandhi, has been appointed. Creditors are called upon to submit their claims by October 17, 2026.
Corporate Insolvency Resolution Process Initiated
Gujarat Toolroom Limited is now under the Corporate Insolvency Resolution Process (CIRP), following an official order from the National Company Law Tribunal (NCLT). The commencement date for the CIRP was established as September 30, 2026, with the order copy received on October 1, 2026. The estimated closure date for this process is projected to be March 29, 2027.
Public Announcement and Interim Resolution Professional Appointed
In accordance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, a Public Announcement in Form A was published on October 3, 2026, in the ‘Financial Express’ (Gujarati Edition) and ‘Economic Times’ (English Edition), both from Ahmedabad. Mr. Iqbal Singh Gandhi has been appointed as the Interim Resolution Professional (IRP) for Gujarat Toolroom Limited. His registration number with IBBI is IBBI/IPA-001/IP-P-02365/2021-2022/13524, and his professional details are registered with the Board.
Creditor Claims and Next Steps
Creditors of Gujarat Toolroom Limited are hereby notified to submit their claims, along with necessary proof, on or before October 17, 2026. Claims should be submitted to the interim resolution professional at the correspondence address provided. Financial creditors are required to submit their claims electronically, while other creditors may submit in person, by post, or electronically. The submission of false or misleading proofs of claim will attract penalties.
Corporate Details
Gujarat Toolroom Limited was incorporated on March 25, 1983, and is registered with ROC Ahmedabad. Its Corporate Identity Number is L46207GJ1983PLC006056. The company’s registered office is located at A-405, Premium House, Opposite to Gandhigram Railway Station, Ellisbridge, Ashram Road P.O, Ahmedabad, Gujarat, India, 380009.
Relevant Forms and Information
Relevant Forms and details concerning authorized representatives are available on the IBBI website at the following link: https://ibbi.gov.in/home/downloads.
Source: BSE
