Outcome of the Board Meeting Dated 12th November 2025
Awaiting price reaction for this filing.
Insilco Limited, which has been under voluntary liquidation since June 25, 2021, reported unaudited financial results for Q2 and H1 FY26 (ended September 30, 2025). The company had zero revenue from operations, with total income of just INR 10 lakhs in Q2 (entirely from interest on deposits) versus INR 65 lakhs in the year-ago quarter. It posted a loss after tax of INR 91 lakhs for Q2 and INR 186 lakhs for the half-year, with EPS of INR (0.15) and INR (0.30) respectively. The balance sheet shows total assets of INR 652 lakhs (down from INR 1,028 lakhs at March 2025), largely cash and bank balances of INR 635 lakhs, against negative other equity of INR (2,775) lakhs. The liquidation process was completed on July 18, 2025, and the Liquidator has filed a dissolution application with the NCLT Allahabad; the matter is next listed for hearing on December 4, 2025. Shareholders have already received INR 4.58 per share in liquidation proceeds (totaling about INR 28.7 crore) in March 2025. The financial statements have explicitly NOT been prepared on a going concern basis.
This is effectively a wind-down shell — there is no operating business, the stock has been suspended from BSE trading since October 2022, and the company's existence now depends on NCLT approval of dissolution. Existing shareholders have already received their payout, and there is no real equity value left to recover from this stock.