Submission of unaudited financial results for the quarter/half year ended on sept 30 2025 and Limited review report
Awaiting price reaction for this filing.
Insilco Ltd, which is under voluntary liquidation since June 25, 2021, filed its unaudited results for the quarter and half year ended September 30, 2025. The company has zero revenue from operations as its only plant at Gajraula has been shut since October 2019 after the UPPCB refused consent to operate. Total income for the quarter was just Rs 10 lakh (entirely other income, mostly interest on deposits), down sharply from Rs 65 lakh in the same quarter last year. The company posted a net loss of Rs 91 lakh for Q2 FY26 and Rs 186 lakh for H1 FY26, widening from Rs 119 lakh in H1 FY25. Total expenses stood at Rs 98 lakh for the quarter, mainly legal/professional fees and loss allowance. Cash and bank balances stood at Rs 635 lakh, while total equity was Rs 624 lakh. The auditor (Shiv & Associates) issued an unqualified limited review report with a matter of emphasis noting that financials are not prepared on a going-concern basis, and flagging pending labour court proceedings from 35 ex-employees. The liquidation process was completed on July 18, 2025, and a dissolution application has been filed with the NCLT Allahabad, next listed for hearing on December 4, 2025.
This is a defunct, shell-stage company in its final wind-down. Shareholders have already received a distribution of Rs 4.58 per share in March 2025, and the BSE has suspended trading in the stock since October 2022. The only material catalyst left is the NCLT hearing on the dissolution application in December 2025, which will formally close the company. Remaining assets (mainly cash and bank deposits of Rs 635 lakh against total liabilities of just Rs 28 lakh) may be distributed once the dissolution is granted.