Context and Background
The company is undergoing Corporate Insolvency Resolution Process (CIRP) under the provisions of the Insolvency and Bankruptcy Code, pursuant to an order dated 1st September 2025 from the Hon'ble National Company Law Tribunal (NCLT).
Reason for Delay
The preparation of financial statements for the year ending 31 March 2026 is under progress due to ongoing compilation, verification, and reconciliation of financial data and supporting records pertaining to the relevant reporting period. The team is making continuous efforts to compile and reconcile available information from both physical and electronic sources, which requires considerable time and effort.
Current Status and Commitment
The company will be unable to submit the audited financial results on 28th May 2026. The Resolution Professional, Shailesh Desai (Registration No. IBBI/IPA-001/IP-P00183/2017-18/10362), assures that the results will be submitted to the Stock Exchange at the earliest possible time upon availability of complete and reconciled financial information.