The Resolution Professional, Mr. Ashok Mittal, in the matter of CIRP of M/s. Dhruv Wellness Limited, has published Form - G, Invitation of Expression Of Interest, on 01-07-2025, in two ....
Awaiting price reaction for this filing.
Dhruv Wellness Limited, a BSE-listed company trading in medical and FMCG goods based in Mumbai, is undergoing Corporate Insolvency Resolution Process (CIRP). The Resolution Professional, Mr. Ashok Mittal, has published Form G inviting Expression of Interest (EOI) from potential buyers or resolution applicants, with the last date for EOI submission set as 16 July 2025 and the last date for resolution plans as 15 September 2025. The filings reveal that the company has no fixed assets, no employees, nil sales in FY 2024-25, and its website is non-functional — indicating it has been inactive for some time. The interim resolution professional is essentially seeking a buyer or revival plan for a shell-like entity.
This is a high-risk situation for existing shareholders, as insolvency proceedings typically lead to significant equity dilution or even total loss for current shareholders if a resolution plan is approved. The stock is likely to remain illiquid and speculative, with value dependent on whether any resolution applicant emerges willing to revive the company.