Company sold as going concern under IBC liquidation vide Sale Certificate dated October 3, 2024, for ₹3,577.80 lakhs to Elysian Wealth Fund consortium; total ₹3,675.12 lakhs distributed.
Capital reserve of ₹1,07,352.84 lakhs recognised from liability write-backs under the clean-slate principle, driving standalone PAT to ₹292.83 lakhs versus a loss of ₹644.47 lakhs in FY24.
NCLT clean-slate order dated June 3, 2025 extinguished all liabilities; gearing ratio improved from 33.54% to 0.20%; Board reconstituted on December 15, 2025.
Total standalone liabilities collapsed from ₹1,11,027 lakhs to ₹71 lakhs; share capital and holdings remain unchanged pending final liquidation closure order.