Ushdev International Limited has provided a status update on the liquidation proceedings of Ushev International Limited. The liquidation process was initiated pursuant to the Hon'ble NCLT's liquidation order dated 16th October, 2025, with the process commencing in July 2026.
Two rounds of auctions have been successfully completed, during which wind turbines and certain immovable properties were disposed of to successful bidders. The next round of auction is scheduled to take place in the near future and will primarily focus on the disposition of immovable properties and other financial securities.
Financial Impact
Financial impact not quantified in the disclosure. The update provides procedural information about asset disposition through auctions but does not specify monetary values realized from completed auctions or expected from future auctions.