Tasty Dairy Specialities Limited , a company currently under Corporate Insolvency Resolution Process (CIRP), has issued an invitation for expressions of interest from potential resolution applicants. This development comes as the company grapples with significant financial challenges, as evidenced by its recent financial performance.

Financial Overview

The company, which operates a 3.5 lakh litres milk processing facility, has experienced a sharp decline in its revenues over the past few years:

This dramatic reduction in revenue highlights the severe financial distress the company is facing.

Balance Sheet Analysis

The company's balance sheet reflects its deteriorating financial position:

The negative shareholders' capital indicates that the company's liabilities exceed its assets, a clear sign of financial distress.

Income Statement Highlights

The income statement further underscores the company's financial struggles:

Despite the significant reduction in losses compared to the previous year, the company continues to operate at a loss.

Insolvency Resolution Process

In light of these financial challenges, Tasty Dairy Specialities Limited initiated the Corporate Insolvency Resolution Process in October 2025. As part of this process, the company is now seeking expressions of interest from potential resolution applicants.

Key details of the invitation for expressions of interest include:

• Submission Deadline: February 28, 2026
• Process Email: tastydairy.ibc@gmail.com

Potential applicants can obtain more information about eligibility criteria and the resolution process by contacting the Resolution Professional at the provided email address.

This invitation for expressions of interest represents a critical step in the company's attempt to restructure its operations and finances. The success of this process could determine the future viability of Tasty Dairy Specialities Limited and its milk processing operations.

As the insolvency resolution process unfolds, stakeholders will be closely watching for any signs of potential turnaround strategies or interest from investors capable of revitalizing the company's operations.

Tasty Dairy Specialities Limited , currently undergoing Corporate Insolvency Resolution Process (CIRP), has announced the resignation of two of its Independent Directors. Mrs. Vimi Sinha (DIN: 07311247) and Mr. Aman Tiwari (DIN: 08495617) have stepped down from their positions, effective November 21, 2025, and November 15, 2025, respectively. The company disclosed these developments in regulatory filings.

Resignation Details

Mrs. Vimi Sinha cited personal reasons for her departure, while Mr. Tiwari attributed his resignation to personal and unavoidable circumstances. In his resignation letter, Mr. Tiwari confirmed that there were no other material reasons for his decision beyond those mentioned.

Company Status

Tasty Dairy Specialities Limited has been under CIRP since October 07, 2025. The company's affairs, business, and assets are currently being managed by Resolution Professional Anish Agarwal (IP Registration No.: IBBI/IPA-001/IP-P-01497/2018-2019/12256).

Key Information

The company has complied with the regulatory requirements by submitting the necessary disclosures under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

These resignations come at a time when Tasty Dairy Specialities Limited is navigating through the insolvency resolution process, and will affect the board composition of the company.