Dhunseri Ventures proposes winding up of Twelve Cupcakes
DVL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 1.1 pts less than Nifty Microcap 250 and 0.4 pts less than its Packaging peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
Minute windows have no benchmark: there is no intraday index history to compare against.
Dhunseri Ventures has approved its Singapore subsidiary Twelve Cupcakes Pte. Limited beginning creditors' voluntary winding up, citing business realignment and weak future prospects. Twelve Cupcakes contributed INR 57.97 crore revenue, 12.07% of FY2024-25 consolidated turnover, and had negative net worth of INR 24.43 crore. Shareholder approval is required by special resolution through postal ballot.
The move removes exposure to a subsidiary with negative net worth, but shareholder approval is pending and no proceeds or completion date are confirmed.