Unaudited results for the quarter ended 31.12.2024
Awaiting price reaction for this filing.
Taaza International Limited submitted its unaudited financial results for Q3 FY25 (quarter ended 31.12.2024) with a significant delay — filed in September 2025. The company reported zero revenue from operations for the quarter as well as for the nine months ended December 2024. Total expenses for the quarter were just Rs. 0.25 lakh (other expenses only), leading to a loss before tax of Rs. 0.25 lakh. After a deferred tax adjustment of Rs. 1.07 lakh, the net loss for the quarter stood at Rs. 1.31 lakh, while the nine-month net loss was Rs. 3.97 lakh. A key disclosure confirms the company was under the Corporate Insolvency Resolution Process (CIRP), the previous board was suspended, and a new board was appointed on 6 August 2025 following an NCLT order dated 12 June 2025. The limited review report by Boppudi & Associates is unqualified.
Shareholders should note that the company is under insolvency proceedings with a newly constituted board and has had no business revenue, indicating serious going-concern issues. The stock remains a high-risk bet until the CIRP outcome and any revival plan are clear.