Value Industries Limited has submitted to the Exchange, the financial results for the period ended December 31, 2024.
Awaiting price reaction for this filing.
Value Industries Limited, a Videocon group company, has submitted its unaudited financial results for Q3 FY25 (quarter ended December 31, 2024) and the nine-month period, filed with a significant delay in February 2026. The company remains under Corporate Insolvency Resolution Process (CIRP) since September 2018, with trading in its shares suspended on BSE and NSE since June 2021. The Resolution Professional (Mr. Abhijit Guhathakurta of Deloitte) is managing the company. The auditor (G A M P & Co.) issued a Disclaimer of Conclusion, citing inability to obtain sufficient audit evidence due to missing pre-CIRP records, lack of cooperation from promoters, and ongoing government investigations (SFIO, Enforcement Directorate). The auditor also flagged a material uncertainty about the company's ability to continue as a going concern, given negative net worth of approximately ₹17,218 million, continued losses, and dependence on the CIRP outcome.
For shareholders, the situation remains dire — the company is loss-making with a deeply negative net worth, suspended from trading, and under insolvency proceedings for over 6 years. The disclaimer of conclusion and going concern doubt mean the financial figures carry limited reliability, and any recovery for equity holders is entirely contingent on the CIRP resolution plan approved by NCLT/Supreme Court.