Invitation for Expression of Interest (Form G) in the matter of M/S Dhruv Wellness Limited (in CIRP) published on 1st July 2025.
Awaiting price reaction for this filing.
Dhruv Wellness Ltd, a BSE-listed company in the medical and FMCG sector based in Mumbai, is undergoing the Corporate Insolvency Resolution Process (CIRP). The Resolution Professional, Ashok Mittal, has invited Expressions of Interest from potential buyers/resolution applicants. The company appears to be a defunct shell — its website is not working, it has no fixed assets, no employees, no business operations for several years, and reported NIL revenue for FY2024-25. The last date for submitting EOIs is 16 July 2025, with the final resolution plan deadline set for 15 September 2025.
This is highly negative for shareholders. With no assets, no revenue, and no operations, Dhruv Wellness is essentially a non-functional shell in insolvency, meaning equity holders are very likely to be wiped out and recovery for shareholders is highly unlikely.