Videocon Industries Files Un-audited Financial Results for Q3 FY25
Videocon Industries Ltd has filed its un-audited financial results for the quarter and nine months ended December 31, 2024, along with the Limited Review Report. The company, currently undergoing corporate insolvency resolution process (CIRP) along with 12 other group entities, cited delays in submission due to constraints like limited manpower, operational challenges, resignation of key accounting personnel, non-availability of pre-CIRP records, and issues with promoters and erstwhile management. Trading in the company's securities has been suspended since June 16, 2021. The Resolution Professional has considered and signed the financial results, clarifying that no Board Meeting was held as the powers of the board are suspended.
Key Highlights
- Un-audited financial results for Q3 FY25 filed.
- Company is under CIRP with multiple group entities.
- Delays attributed to insolvency process challenges.
- Trading in securities suspended since June 2021.
- Resolution Professional signed financials; no Board Meeting held.
Price Impact
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