Update regarding non-filling of Quarterly Financial Results for the quarter ended 31st December, 2025 pursuant to liquidation order dated 16/10/2025
Awaiting price reaction for this filing.
Ushdev International Ltd has informed BSE that it will not be submitting quarterly financial results for the quarter ended 31st December 2025. This is because the NCLT Mumbai passed a liquidation order on 16/10/2025, directing the company into liquidation. A liquidator, CA Trupalkumar Patel, has been appointed and is overseeing the process. Financial statements can only be finalized after the valuation exercise and other liquidation procedures are completed. The company has committed to submitting results once the liquidation financials are ready.
This is a strongly negative signal for shareholders — the company is in liquidation, meaning the business is being wound up and equity holders are unlikely to recover significant value. The stock is effectively in a terminal phase with very high risk of total loss for shareholders.