Pursuant to ongoing Corporate Insolvency Resolution Process ( "CIRP" ) of the company under the provisions of IBC, 2016 and in terms of applicable provisions of SEBI ( LODR) regulations, ....
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Tasty Dairy Specialities Ltd has filed its audited financial results for the year ended March 31, 2026, with the company remaining under Corporate Insolvency Resolution Process (CIRP) since an NCLT order dated October 7, 2025. The company reported a net loss of Rs. 251.62 lakh for FY2026 against revenue of Rs. 332.03 lakh. The auditor issued a qualified opinion due to incomplete litigation records, assets sold under SARFAESI Act not properly recognized, pending impairment testing, and uncertainty over recoverability of various balances. The company's net worth stands fully eroded and manufacturing operations have ceased. The Resolution Professional has received resolution plans from 11 prospective applicants which are under discussion with the Committee of Creditors. Total borrowings stand at Rs. 49.36 crore.
Shareholders face extreme risk as the company is under insolvency proceedings with no operational revenues, fully eroded net worth, and pending resolution plan approval. The stock is likely to remain highly volatile pending outcome of CIRP.