Ushdev International Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 13/08/2025 ,inter alia, to consider and approve the unaudited standalone ....
Awaiting price reaction for this filing.
Ushdev International Ltd has informed BSE that a meeting of the Interim Monitoring Agency (IMA) will be held on 13th August 2025 to consider and approve the unaudited standalone and consolidated financial results for the quarter ended 30th June (the filing has a discrepancy — the subject line mentions 2025 while the body mentions 2024). Limited Review Reports from the auditors will also be taken on record. Notably, this meeting is being conducted by the IMA, not the traditional Board of Directors, because the company was previously under the Corporate Insolvency Resolution Process (IBC, 2016). The resolution plan was approved by NCLT Mumbai on 3rd February 2022, and governance powers currently rest with the Implementing Agency appointed by the Resolution Applicant and Committee of Creditors.
The financial results themselves are not yet available, so there is no direct stock price impact today. However, investors should note that the company is still operating under post-CIRP governance and that the results (including any going-concern commentary from auditors) will be the key thing to watch after 13th August.