Result for the quarter ended September 30, 2022
Awaiting price reaction for this filing.
Talwalkars Better Value Fitness Ltd reported zero revenue for Q2 FY23 (July-September 2022) due to suspended operations during the Liquidation phase following failed CIRP proceedings. The company posted a net loss of Rs. 816.05 lakhs, entirely comprising depreciation charges, with EPS of Rs. -2.63. The auditor issued a Disclaimer of Conclusion due to non-availability of complete books of accounts, vouchers, and servers for this historical period when the company was under Resolution Professional and Liquidator control. The current management reconstructed these results on a best-effort basis. Post-transfer of ownership (November 7, 2024), the NCLT Order dated February 26, 2026 extinguished all pre-transfer liabilities and cancelled the existing equity share capital, with Fresh Start Accounting adopted.
The stock is effectively a re-listed entity post-insolvency with cancelled historical equity. Investors should treat this as a new company with fresh capital structure; old shareholders have lost their holdings without compensation. The financial data for this period is unreliable due to auditor disclaimers.