Bloom Dekor Limited , a company currently undergoing Corporate Insolvency Resolution Process (CIRP), has released its unaudited financial results for the quarter ending September 30. The report highlights the company's continued financial challenges amidst its insolvency proceedings.

Financial Performance

Financial Health Concerns

The company's financial report raises significant concerns about its operational viability:

1. Negative Net Worth: The balance sheet indicates a negative net worth, reflecting severe financial distress.
2. Accumulated Losses: With accumulated losses of Rs 1,356.80 lakhs, the company faces a substantial financial burden.
3. Going Concern Uncertainty: The report mentions material uncertainty regarding the company's ability to continue as a going concern, highlighting the severity of its financial situation.

Insolvency Proceedings

Bloom Dekor Limited remains under the Corporate Insolvency Resolution Process, a legal framework designed to address insolvency and bankruptcy issues. This process aims to either revive the company or ensure an orderly resolution of its debts and assets.

The ongoing CIRP and the reported financial results underscore the challenges Bloom Dekor Limited faces in its efforts to regain financial stability. Stakeholders, including investors and creditors, will likely be closely monitoring the progress of the insolvency proceedings and any potential restructuring plans that may emerge.

Bloom Dekor Limited , currently undergoing Corporate Insolvency Resolution Process (CIRP), held its 16th Committee of Creditors (CoC) meeting on October 8, 2025, marking significant developments in the company's restructuring efforts.

Key Approvals

The CoC meeting, which concluded with e-voting on October 14, 2025, saw unanimous approval for several crucial resolutions:

Financial Implications

The financial aspects of these resolutions are noteworthy:

These expenses, along with the Diwali bonus and insurance renewal, will be considered part of the Corporate Insolvency Resolution Process costs.

Ongoing Legal Proceedings

The appeals filed by the successful resolution applicant before the National Company Law Appellate Tribunal (NCLAT) are scheduled for hearing on November 4, 2025. These appeals (Company Appeal (AT) (Insolvency) No. 1401 & 1402 of 2024) challenge the order passed by the National Company Law Tribunal on July 16, 2024, regarding the approval of the Resolution Plan.

Management Changes

It's worth noting that Tushar Dineshbhai Donda resigned from his position as Senior Company Secretary and Compliance Officer of Bloom Dekor Limited-In CIRP, effective November 19, 2024.

The outcomes of this meeting, as disclosed under Regulation 30(2) of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015, underscore the ongoing efforts to navigate the insolvency process while maintaining operational continuity. The approved resolutions, particularly the securing of interim finance and key appointments, suggest a focus on sustaining business operations during this critical period.

As Bloom Dekor Limited continues its journey through the CIRP, stakeholders will be keenly watching the upcoming NCLAT hearing and its potential impact on the company's future trajectory.