Result for the quarter and year ended March 31, 2025
Awaiting price reaction for this filing.
Talwalkars Better Value Fitness Limited reported a Disclaimer of Opinion from its auditor (SK Bhavsar & Co.) for FY25. The company was under liquidation from April 2022 to November 7, 2024, when it was acquired as a going concern through the IBC process. The auditor could not verify opening balances, asset values, or tax implications due to unavailable historical records during the liquidation period. Revenue from operations was NIL for all periods, with other income of just Rs. 3.62 lakh in Q4 FY25. The company reported a net loss of Rs. 570.55 lakh for Q4 FY25 and Rs. 2,092.85 lakh for FY25, compared to a loss of Rs. 3,677.70 lakh in FY24. Total assets stood at Rs. 27,187.59 lakh with negative Other Equity of Rs. 855.89 lakh. Trading in equity shares remains suspended on BSE and NSE, and the entire existing share capital was cancelled effective the Transfer Date. A post-balance sheet NCLT Relief Order dated February 26, 2026 confirmed these arrangements and granted regulatory immunity.
The disclaimer of opinion and going concern issues indicate extreme financial distress. With zero revenue, substantial losses, negative equity, and suspended trading, shareholders face significant risk. The stock is highly speculative given the ongoing regulatory approvals needed for new share issuance and trading resumption.