Kobo Biotech 31st AGM notice on July 24, 2026 via video conferencing
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Kobo Biotech 31st AGM set for July 24, 2026 at 10 AM via video conferencing. The company is under Corporate Insolvency Resolution Process since August 2024, with NCLT admitting JM Financial Asset Reconstruction's petition. Board powers are suspended; Resolution Professional Ms. Namrata Randeri manages the firm. For FY24, revenue from operations was nil, total income Rs 1.52 lakh, expenses Rs 4.94 crore, and net loss Rs 4.93 crore versus Rs 5.55 crore in FY23. EPS was negative Rs 2.07. Solapur plant remains non-operational. No dividend recommended.
Company under insolvency with nil revenue and continued losses; shareholders face uncertainty from the resolution process. No dividend declared.