Approval of Un-Audited Financial Results for the 3rd Quarter and 9 months ended December 31, 2025
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Awaiting price reaction for this filing.
Tasty Dairy Specialities has reported its Q3 and nine-month results while under Corporate Insolvency Resolution Process (CIRP), which commenced on October 7, 2025 following an NCLT order on a Punjab National Bank petition. Revenue from operations collapsed to just Rs 7.80 lakh in Q3 and Rs 10.42 lakh for the nine-month period, compared with Rs 169.76 lakh in the prior nine-month period, as manufacturing remains suspended. The company posted a loss before tax of Rs 73.74 lakh in Q3 and Rs 486.18 lakh for the nine months, with negative net worth of Rs 34.59 crore and a fully eroded equity base. The auditor issued a qualified conclusion and an emphasis of matter, flagging going concern doubts, unconfirmed balances, pending SARFAESI-related asset adjustments, and related party dealings with Agrim Food LLP.
The stock is effectively in distressed territory — with operations halted, net worth fully eroded and an active insolvency process underway, existing equity shareholders face a very high risk of dilution or total loss depending on the resolution plan approved by NCLT. Investors should treat this as a high-risk, speculative situation pending clarity on the resolution outcome.