Business Update13 Feb 2026, 05:56 pm
Value Industries Ltd Delays Q3 FY2024 Financial Results Due to CIRP Challenges
AI Summary
Value Industries Ltd, a company undergoing consolidated corporate insolvency resolution process (CIRP) under the Insolvency and Bankruptcy Code, 2016, has delayed the submission of its un-audited financial results for the quarter ended on December 31, 2024. The delay was primarily due to resignation of key accounting personnel, non-availability of pre-CIRP records, lack of cooperation from the promoters and erstwhile management, and transition involving resignation of the previous auditor and appointment of a new auditor. The trading in the company’s securities has remained suspended on BSE and NSE since June 16, 2021.
Key Highlights
- Value Industries Ltd is undergoing consolidated corporate insolvency resolution process under the Insolvency and Bankruptcy Code, 2016
- The delay in financial results submission was due to various challenges including resignation of key personnel and non-cooperation from promoters
- The company regrets the delay and ensures timely compliance going forward
- Trading in the company’s securities has been suspended on BSE and NSE since June 16, 2021
- The company is currently managed by the Resolution Professional as per the provisions of the Code
Price Impact
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