The Company has informed the exchange regarding the Un-Audited Financial Results of the Company for the quarter ended June 30, 2025
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Tasty Dairy Specialities reported revenue from operations of about ₹22,008 lakhs in Q1 FY26, up modestly from ₹20,208 lakhs a year earlier (roughly 9% growth). However, the company swung to a loss at the profit before tax level (~₹200.79 lakhs loss) compared to a profit of ~₹237.88 lakhs in Q1 FY25, with basic EPS at (₹1.00) versus ₹1.23 earlier. The results come with serious caveats: the company's net worth is negative, all bank accounts have been frozen since November 2023, and lenders have initiated SARFAESI recovery proceedings via NCLT and DRT. The statutory auditor issued a qualified conclusion citing material uncertainty on going concern, non-compliance with Ind AS, and pending trade receivable confirmations.
Highly negative for shareholders — the company is financially distressed with frozen bank accounts, active lender recovery actions, and negative net worth, posing a real risk to business continuity despite management's going-concern assumption. The stock is likely to remain under pressure and faces existential risk if a lender revival plan is not finalised.