Approval of Un-Audited Financial Results For the 3rd Quarter and 9 months ended December 31, 2025
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Tasty Dairy Specialities has reported its Q3 FY26 results while undergoing Corporate Insolvency Resolution Process (CIRP) initiated on October 7, 2025 by NCLT Allahabad Bench on Punjab National Bank's petition, with a Resolution Professional now managing the company. Manufacturing operations remain suspended. Revenue from operations collapsed to just ₹7.80 lakhs in Q3 FY26 versus ₹169.76 lakhs in Q3 FY25, and the company posted a loss before tax of ₹73.74 lakhs for the quarter (₹486.18 lakhs for 9 months). Net worth is fully eroded at negative ₹3,459.04 lakhs against secured borrowings of roughly ₹49.36 crore. The auditor issued a qualified conclusion citing going concern uncertainty, unconfirmed balances, unresolved litigations, and assets already sold by the bank under SARFAESI but not recognized in books.
Shareholders face extreme distress — equity is worthless on paper, business operations are shut, and recovery depends entirely on a resolution plan being approved by NCLT under CIRP. Trading in the stock is highly risky and speculative, with little visibility on survival, revival, or liquidation outcome.