Videocon Industries Files Audited Financial Results Despite CIRP

Videocon Industries Ltd has submitted its audited financial results for the quarter and year ended March 31, 2025, along with the Independent Auditor's Report. The company, currently undergoing consolidated corporate insolvency resolution process (CIRP) with 12 other Videocon group entities, cited significant operational challenges, including limited manpower, resignation of key accounting personnel, non-availability of pre-CIRP records, and lack of cooperation from promoters, as reasons for the delay in submission. Trading in the company's securities has been suspended since June 16, 2021. The Resolution Professional, Mr. Abhijit Guhathakurta, has considered and taken on record the financial results, clarifying that the powers of the board of directors are suspended and vested with him during the CIRP. The company regrets the delay and assures that steps are being taken for future compliance.