Result for the quarter ended June 30, 2025
Awaiting price reaction for this filing.
Talwalkars Better Value Fitness Ltd reported zero revenue from operations for Q1 FY26, with total income of nil and a net loss of Rs 269.85 lakhs. The company has emerged from Corporate Insolvency Resolution Process (CIRP) and liquidation, with new management taking control on November 7, 2024. All pre-transfer liabilities (financial, operational, and statutory) have been extinguished via a fresh start accounting approach following an NCLT Relief Order dated February 26, 2026. The company's existing equity share capital has been cancelled, and it is seeking approvals to allot 1 crore new shares. Trading on BSE/NSE remains suspended. The loss has improved sequentially from Rs 570.55 lakhs in Q4 FY25 and from Rs 512.50 lakhs in Q1 FY25, though no operational revenue has been generated.
The company is in a restart phase post-insolvency with no revenue yet. The going concern status carries material uncertainty pending SEBI approvals and trading resumption. Shareholders from the pre-acquisition period have had their capital cancelled, and new share allotments are pending.