BSENitin Fire Protection Industries LtdLowNeutral
Announced Mon, 5 Jan · 20:05 IST

Nitin Fire Protection Industries Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 15/01/2026 ,inter alia, to consider and approve The Unaudited ....

Going ConcernResults View source PDF
Price reaction · full curve

Awaiting price reaction for this filing.

AI summary

Nitin Fire Protection Industries has informed the stock exchanges that a meeting of the Liquidator is scheduled on 15 January 2026. The main agenda is to consider and approve the unaudited financial results (standalone and consolidated) for the quarter and nine months ended 31 December 2025, along with the Limited Review Report. The company's Board of Directors powers have been suspended since the liquidation order of January 2022, and all powers currently rest with the Liquidator, Mr. Uliyar Balakrishna Bhat. The company was originally admitted under the Corporate Insolvency Resolution Process in October 2018 and subsequently went into liquidation. The Liquidator issued a Sale Certificate on 3 October 2024 after selling the company as a going concern, but the final closure order from NCLT is still awaited. Trading in the company's shares has been suspended on both BSE and NSE since February 2022.

Likely market impact

For shareholders: the stock remains suspended from trading, so there is no immediate price impact. The Q3 results are largely procedural since the company is under liquidation and was already sold as a going concern — shareholders should track the pending NCLT closure order as that will determine final outcome for existing equity holders, who typically face significant loss in liquidation scenarios.