Result for the quarter and year ended March 31, 2023
Awaiting price reaction for this filing.
Talwalkars Better Value Fitness Ltd reported zero revenue from operations for Q4 FY2023 and FY2023, with only Rs. 0.32 lakh in other income. The company posted a net loss of Rs. 828.77 lakh for Q4 and Rs. 3,276.92 lakh for the full year. Depreciation stood at Rs. 3,264.20 lakh for the year. Total assets were Rs. 36,403.55 lakh against equity of Rs. 8,015.16 lakh. The company's equity share capital of Rs. 3,100.49 lakh has been cancelled under the NCLT Relief Order dated February 26, 2026, and all pre-transfer liabilities have been extinguished. The auditor issued a disclaimer of conclusion due to non-availability of complete books of accounts, vouchers, and servers from the historical period when the company was under the erstwhile management, Resolution Professional, and Liquidator.
Shareholders from the pre-acquisition period have suffered complete loss of equity as the NCLT cancelled all existing share capital. The stock carries extreme risk as the financial results are reconstructed on a best-effort basis without reliable underlying records, making any investment decision highly speculative.