Result for the quarter and year ended March 31, 2026
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Talwalkars Better Value Fitness Ltd reported an audited FY2026 result with zero revenue from operations. The company underwent Corporate Insolvency Resolution Process (CIRP) and liquidation, and was subsequently sold as a going concern. During Q4 FY2026 (February 26, 2026), the NCLT granted a Relief Order extinguishing all pre-transfer liabilities and cancelling the existing equity share capital. The company executed Fresh Start Accounting with liability write-backs of Rs 7,553 Lakhs (exceptional items). Net loss for the year was Rs 8,738.29 Lakhs, significantly higher than previous year's loss of Rs 2,092.85 Lakhs. Depreciation expense stood at Rs 1,079.40 Lakhs. The auditor issued an unmodified opinion but included Emphasis of Matter on multiple issues including impairment of fixed assets not yet assessed and balance confirmations pending.
The company is in a post-restructuring phase with no operating revenue. The large net loss includes exceptional items from liability write-backs. Trading remains suspended on BSE/NSE pending SEBI approvals. Existing equity shareholders have been cancelled per NCLT order; new shares will be issued to new promoters/acquirer. A material uncertainty exists regarding going concern dependent on regulatory approvals.