1. Audited Financial Results for the Quarter and Year ended on 31st March 2026 and Auditors' Reports thereon 2. Re-appointment of Internal Auditor for the Financial Year 2026-2027 3. ....
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Insilco Limited, which has been under voluntary liquidation since 25 June 2021 following the shutdown of its manufacturing operations due to Uttar Pradesh Pollution Control Board orders, has published its audited financial results for the year ended 31 March 2026. Statutory auditors M/s Shiv & Associates have issued a Qualified Opinion on the financial statements. The qualification centres on the fact that the financial statements have not been prepared on a going concern basis due to the liquidation proceedings, and uncertainties remain over the classification and carrying values of certain liabilities and asset realisation, the full impact of which cannot be ascertained. Additionally, ongoing legal proceedings involving 36 ex-employees claiming reinstatement after allegedly illegal termination under a VRS scheme add further uncertainty. The company has disposed of all its Property, Plant and Equipment, has no inventory, no borrowings, no subsidiaries, and incurred cash losses during the year. The Board also re-appointed M/s APT and Co. LLP as Internal Auditor for FY 2026-27.
Insilco is a dormant company in active liquidation. The qualified auditor opinion and ongoing litigation confirm material uncertainty over asset values and liability settlements. Shareholders should be aware that recovery of any value depends entirely on the outcome of the liquidation process and ongoing legal disputes.