The unaudited Financial Results (Standalone and Consolidated) for the quarter and nine months ended on 31st December, 2025 along with limited review report.
Awaiting price reaction for this filing.
Nitin Fire Protection Industries, which has been under NCLT liquidation since 2022, filed Q3 and nine-month results approved by the Liquidator (Mr. Uliyar Balakrishna Bhat) rather than a board, as the board's powers remain suspended. The company was sold as a going concern with 'clean slate' status under IBC, with the NCLT approving the sale on June 3, 2025, though the final liquidation closure order is still awaited. On a standalone basis, revenue from operations for the nine months rose nearly 92% year-on-year to about ₹1,373.74 lakhs (from ₹715.56 lakhs), while Q3 revenue grew about 10% YoY to ₹653.41 lakhs. Nine-month profit came in at ₹1,317.93 lakhs, but the prior-year comparable of ₹97,163.82 lakhs was inflated by a massive one-time exceptional gain of ₹97,231.49 lakhs linked to the IBC resolution, so underlying operational earnings remain modest. The auditor issued an unqualified review conclusion on both standalone and consolidated results, though an emphasis-of-matter note flagged the pending application for cancellation and reissuance of equity shares.
Shares remain technically under liquidation and a pending share cancellation/reissuance application means existing equity holders face significant uncertainty about their eventual stake — the stock is effectively in limbo until NCLT issues the final closure order and approves the new share structure.