Result for the quarter ended June 30, 2020
Awaiting price reaction for this filing.
Talwalkars Better Value Fitness Ltd reported a net loss of Rs. 843.85 lakhs for Q1 FY2021 (June 2020), compared to a loss of Rs. 1,428 lakhs in the same quarter prior year. Revenue from operations was zero as the company's fitness centres were non-operational during this period. The financial results have been reconstructed on a 'best-effort basis' by the newly reconstituted management, as they did not have access to original books of accounts, vouchers, or IT servers from this historical period. The company underwent CIRP (January 2021), liquidation (April 2022), and was subsequently acquired as a going concern via e-auction (Transfer Date: November 7, 2024). Per the NCLT Relief Order dated February 26, 2026, all pre-transfer equity share capital has been cancelled and historical liabilities extinguished.
The stock remains highly speculative given the complete restructuring – old equity is cancelled, and new shareholders took control in November 2024. Historical financial data is unreliable due to record unavailability. Investors should treat this as essentially a new entity with no direct correlation to pre-acquisition financials.