Additional details required under Sebi circular dated NOVEMBER 11 2024 - Board meeting commencement date and Concluded time is not given .
Awaiting price reaction for this filing.
Richa Industries Ltd has submitted its unaudited financial results for the quarter ended June 30, 2025, along with the limited review report. The company has been ordered into liquidation by the NCLT Chandigarh Bench on June 11, 2025, following insolvency proceedings. There is no Board of Directors currently, and a Liquidator (Mohit Chawla) has been handling affairs. The quarterly results were approved by the Liquidator on August 16, 2025. The company could not provide the usual prior intimation two days before the results due to the absence of a Board and pending compliance issues. They have now also clarified that the meeting commenced at 10:00 AM and concluded at 11.20 AM, as required by BSE. The company is requesting BSE to condone the delay in filing.
This is a severely negative filing for shareholders. The company is in liquidation, meaning equity holders are unlikely to recover any meaningful value. The lack of a functioning board and ongoing compliance difficulties indicate the company is in terminal financial distress, and the stock is likely heading toward delisting.