Result for the quarter ended December 31, 2019
Awaiting price reaction for this filing.
Talwalkars Better Value Fitness Limited has filed Q3 FY2020 results showing zero revenue from operations for the quarter ended December 31, 2019, compared to Rs. 1,794.60 lakhs in the same quarter of the previous year. The company reported a net loss of Rs. 865.70 lakhs versus a profit of Rs. 257.60 lakhs in Q3 Dec 2018. The auditors (SK Bhavsar & Co.) issued a Disclaimer of Conclusion, stating they could not verify the financial data because the current management (which acquired the company in November 2024) did not have access to complete books of accounts, original vouchers, or IT servers from this historical period. The company had undergone CIRP (January 2021) and Liquidation (April 2022) before being acquired as a going concern. The NCLT Relief Order dated February 26, 2026 extinguished all pre-transfer liabilities and cancelled the existing equity share capital.
This filing carries extremely limited reliability due to the auditor's disclaimer and the reconstructed nature of the financial data. The company has essentially been revived as a new entity post-acquisition, and historical financials relate to a company under insolvency proceedings with no operational continuity to the current entity.