Pursuant to the ongoing Corporate Insolvency Resolution Process ('CIRP') of the Company under the Insolvency and Bankruptcy Code, 2016 ('IBC'), and in terms of Regulation 30 and 33 of SEBI ....
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Tasty Dairy Specialities Ltd is under Corporate Insolvency Resolution Process (CIRP) admitted by NCLT Allahabad Bench on October 7, 2025, following an application by Punjab National Bank under Section 7 of IBC. The Resolution Professional has approved the audited financial results for FY ended March 31, 2026, showing a net loss of Rs. 993.15 lakh, with total income of Rs. 204.40 lakh. The company's net worth stands fully eroded, manufacturing operations are suspended, and financial statements are prepared on a non-going concern basis. Loans outstanding stand at Rs. 49.36 crore. The auditors issued a qualified opinion citing incomplete records, unverified asset sales under SARFAESI, and pending impairment testing. 11 prospective resolution applicants have submitted Resolution Plans currently under negotiation with the Committee of Creditors.
This is a highly distressed company with suspended operations and eroded capital. Existing shareholders face significant dilution or complete loss as resolution plans are finalized. Creditors will recover only what the resolution plan provides. Trading in this stock carries extreme risk given the ongoing insolvency proceedings.