Tasty Dairy Specialities Limit

Processed and packaged liquid milk and other dairy products at a facility in Kanpur Dehat, Uttar Pradesh, with operations now suspended after the company was admitted into Corporate Insolvency Resolution Process (CIRP) under the IBC on October 7, 2025, on a petition by Punjab National Bank. Revenue from operations collapsed from Rs. 111.43 crore in FY23 to Rs. 3.32 crore in FY26. The business sold dairy products through what would normally be retail and institutional channels, but sales effectively dried up after manufacturing halted and all bank accounts were frozen since November 2023. Material costs, primarily raw milk and ingredients, made up 91.4% of FY26 revenue, with depreciation at 42.6% reflecting the asset-heavy nature of dairy processing. Net worth is fully eroded, the auditor flagged a going-concern uncertainty, and 11 prospective resolution applicants have submitted revival plans currently under negotiation with the Committee of Creditors.