Special Situations & Event Driven › Sub-category
Turnaround / Restructuring
7 articles
Turnaround efforts are facing significant headwinds across several Indian companies, highlighting persistent financial distress and operational challenges. MTNL's substantial ₹3,102 crore loss and eroded net worth, alongside concerns from auditors regarding material weaknesses, underscore severe going concern risks. Similarly, Futura Polyesters continues to grapple with administrative difficulties and a qualified review report, while Praxis Home Retail reported a significant net loss despite debt waivers. While Premier Explosives saw a profit surge driven by supplier settlements and a robust order book, and IFCI Limited reported a profit despite a negative CRAR, these developments are overshadowed by broader concerns about corporate restructuring and financial stability within the sector.
NCLAT Quashes NCLT Order in Acharya Laboratories Dispute
NCLAT allows appeal and quashes NCLT order that found oppression in Acharya Laboratories' affairs.
Parties reach settlement where company will buy back respondent's 6.4% shares at fair value.
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HMT Limited Reports FY26 ₹1315 Crore Consolidated Loss
HMT Limited reported consolidated net loss of ₹13,154.20 lakhs with negative net worth of ₹2,38,226.80 lakhs, while standalone revenue grew marginally to ₹25.96 crore.
Auditors issued qualified opinio
Supreme Engineering Q1 Profit on Exceptional Gain
Supreme Engineering reported Q1 FY27 standalone net profit of ₹98.98 lakh, driven by an exceptional gain of ₹3245.70 lakh from a settled property dispute.
The company faces a material uncertainty rega
Nova Iron Steel Q1 FY27 Loss with Material Uncertainty
Nova Iron & Steel reported a standalone net loss of ₹85.87 lakh for Q1 FY27, with auditors qualifying their review due to unrecorded interest costs.
The company faces material uncertainty as a going c
Jindal Poly Films Reports ₹20,271 Crore FY26 Loss After Subsidiary Fire
Jindal Poly Films reported a standalone net loss of ₹20,271.45 lakhs for FY26, primarily due to a ₹21,471.57 lakh exceptional loss from a fire incident at subsidiary JPFL Films Private Limited.
The co
IMP Powers AGM Approves FY26 Turnaround and Resolutions
IMP Powers reported FY26 net profit of ₹13.62 lakh versus prior year loss of ₹208.40 lakh, marking a significant financial turnaround following NCLT acquisition.
The company seeks shareholder approval
MTNL Reports ₹3,102 Crore FY26 Loss, Negative Net Worth
MTNL reported a standalone net loss of ₹3,102 crore for FY26 with fully eroded net worth of ₹29,975 crore, raising significant going concern concerns.
Auditors issued adverse opinion citing 20 materia