BSEICSA (India) Ltd-$HighNeutral
Announced Wed, 29 Jul, 2026 · 21:38 IST
ICSA India board approves delayed CIRP-period results for FY20 to FY23
Going ConcernEmphasis Of MatterPat NegativeNegative Operating CashflowDebt Equity ThresholdResults View source PDFExplain this filing
Price reaction
Awaiting price reaction for this filing.
AI summary
Board approved delayed standalone results for FY20 to FY23 under CIRP compliance. NCLT ordered liquidation in Aug 2020; company later sold as going concern with NCLT approval in Feb 2023. FY20 standalone loss stood at Rs 6,524.41 lakhs with nil revenue from operations. Other equity deeply negative at Rs 1,37,154.83 lakhs. Auditor flagged emphasis of matter on going concern basis.
Likely market impact
Backdated CIRP filings; company already sold as going concern. Equity fully eroded with massive debt overhang. Limited relevance for current shareholders.