Pursuant to Regulation 34(1) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we are submitting herewith the 33rd Annual Report of the Company for the F.Y. 2024-25 ....
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Tasty Dairy Specialities Ltd has submitted its 33rd Annual Report for FY 2024-25 to BSE and called its AGM for September 30, 2025 at 2:00 PM in Kanpur. The auditor (AKGSR & Co.) issued a qualified opinion, flagging that the company's net worth has turned negative, all bank accounts have been frozen, and lenders (Punjab National Bank) have initiated recovery proceedings under SARFAESI Act through NCLT and DRT after loan restructuring failed. A bank sold hypothecated property worth Rs. 9.81 crore and adjusted it against outstanding loans, while trade receivables of Rs. 3,751.67 lakhs have been provided for. Manufacturing activities ceased in the last quarter of FY25, and the auditor has raised a material uncertainty on the company's ability to continue as a going concern.
This is a deeply negative filing for shareholders — the company is in severe financial distress with negative net worth, frozen bank accounts, and large debt defaults, raising serious doubts about its survival as a going concern. The stock is likely to face heavy selling pressure and carries very high risk; investors should exercise extreme caution and treat this as a potential value trap or loss-making situation.