Result for the quarter ended December 31, 2024
Awaiting price reaction for this filing.
Talwalkars Better Value Fitness Ltd has posted its quarterly results for Q3 FY25 (ended December 31, 2024). The company reported zero revenue from operations during the quarter. Total expenses stood at Rs 504.60 lakhs, primarily consisting of depreciation of Rs 504.60 lakhs. The company reported a net loss of Rs 504.60 lakhs for the quarter, compared to a loss of Rs 827.00 lakhs in Q3 FY24. The auditor (SKBhavsar & Co.) has issued a Disclaimer of Conclusion, stating they could not verify the financial data as the current management did not have access to complete books of accounts, original vouchers, or servers for the historical period (September 2019 to December 2024). The company underwent CIRP and Liquidation proceedings, with new management acquiring it as a going concern on November 7, 2024 via e-auction. Per the NCLT Relief Order dated February 26, 2026, all pre-transfer liabilities were extinguished and existing equity share capital was cancelled.
This is a highly unusual filing. The company has no operating revenue and the entire historical financial data is unauditable due to missing records. The cancellation of pre-transfer equity capital means existing shareholders likely hold worthless shares. New investors should wait for the company to generate actual operating revenue and produce verifiable financials under the new management.