Result for the quarter ended June 30, 2022
Awaiting price reaction for this filing.
Talwalkars Better Value Fitness Ltd has published reconstructed financial results for Q1 FY2022 (June 30, 2022) after undergoing Corporate Insolvency Resolution Process (CIRP) and Liquidation proceedings. The company reported zero revenue from operations as operational activities were suspended during this period. Total expenses stood at Rs. 816.05 lakhs (primarily depreciation), resulting in a net loss of Rs. 816.05 lakhs. The auditor issued a disclaimer of conclusion, stating they could not verify the accuracy of these reconstructed financial results due to non-availability of complete books of accounts, original vouchers, and underlying servers from the historical period. The current management acquired the company on November 7, 2024, and under NCLT Relief Order dated February 26, 2026, all pre-transfer equity share capital has been cancelled and historical liabilities extinguished.
This filing represents historical data under CIRP/Liquidation with zero operational revenue and heavy losses. The company is now operating as a going concern post-acquisition (November 2024), with equity capital cancelled and fresh start accounting adopted. Existing shareholders have been effectively wiped out per the NCLT order. Current investors should note that this data pertains to a defunct entity structure and should not be used to assess the company's current financial health.