The Audited Standalone Financial Results along with Auditor''s Report thereon for the quarter and year ended March 31, 2026, as approved by Board of Directors in their meeting held on Friday, ....
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Dharti Proteins Ltd (formerly Devika Proteins Ltd) reported audited standalone financial results for FY2026 with revenue of Rs. 7.20 lakhs, compared to Rs. 2 lakhs in the previous year. The company posted a net loss of Rs. 84.65 lakhs for the year (vs loss of Rs. 0.67 lakhs in FY2025). This is the company's first set of results following approval of its Resolution Plan by the Hon'ble NCLT on November 18, 2025, under the Insolvency and Bankruptcy Code, 2016. The Resolution Plan involved waiver/extinguishment of liabilities, restructuring of debts, write-off of assets, and reissuance of equity shares to the Successful Resolution Applicant (Mr. Jatinbhai Ramanbhai Patel) and Secured Financial Creditors. The company also had operating cash outflow of Rs. 470.10 lakhs for the year. The statutory auditors issued an unmodified opinion on the financial results but disclaimed their opinion on the adequacy of internal financial controls.
The company is emerging from insolvency proceedings with restructured finances, but continues to incur losses and faces negative operating cash flows, raising concerns about its near-term financial viability and ability to sustain operations.