News Earnings Sanwaria Consumer Limited Reports Q3FY26 Results Amid Ongoing Insolvency ProceedingsSanwaria Consumer Limited Reports Q3FY26 Results Amid Ongoing Insolvency Proceedings
Sanwaria Consumer Limited submitted Q3FY26 unaudited financial results for the quarter ended December 31, 2025, while continuing under Corporate Insolvency Resolution Process since May 2020. The Committee of Creditors rejected all resolution plans and decided to proceed with company liquidation. Auditors noted concerns including cash basis expense treatment and unconfirmed bank balances.
*this image is generated using AI for illustrative purposes only.
Sanwaria Consumer Limited has released its unaudited financial results for the third quarter of fiscal year 2026, covering the period ended December 31, 2025. The company submitted these results to both BSE and NSE in compliance with Regulation 33 of SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015.
Corporate Insolvency Status
The company remains under Corporate Insolvency Resolution Process following an order by the Hon'ble National Company Law Tribunal (NCLT) dated May 29, 2020. The insolvency proceedings were initiated by creditor Mr. Kishor Ramniklal Unadikat, sole proprietor of M/s Shakti Clearing Agency, under section 9 of The Insolvency and Bankruptcy Code, 2016.
| Parameter: | Details |
|---|---|
| NCLT Case No.: | (MP) CP (IB) No. 7/9/NCLT/AHM/2019 |
| Admission Date: | May 29, 2020 |
| Current Resolution Professional: | Mr. Gautam Mittal |
| Previous IRP: | Mr. Rajiv Goyal |
| Replacement Order Date: | September 04, 2020 |
Resolution Process Developments
The Resolution Professional had invited expressions of interest from potential investors for the company's revival. Five eligible expressions of interest were received, following which resolution plans were solicited from these parties. However, the Committee of Creditors (CoC) rejected all submitted resolution plans after detailed discussions and voting.
Following the rejection of all resolution plans, the CoC has decided to proceed with liquidation of the company. An application for initiation of the liquidation process has been filed with the Hon'ble NCLT.
Auditor's Review and Concerns
The quarterly results were reviewed by statutory auditors Husain Shabbir & Co., Chartered Accountants (ICAI Firm Registration No. 006601C). The auditors highlighted several significant concerns in their review report:
- All expenses have been treated on cash basis in the books of accounts, which contradicts the company's established accounting policy
- Bank balances remain subject to confirmation from management
- No transactions occurred in bank accounts during the past period, except for two bank accounts where balances have been carried forward
Regulatory Compliance
Despite the ongoing insolvency proceedings, Sanwaria Consumer Limited continues to fulfill its regulatory obligations under SEBI listing requirements. The financial results for the quarter ended December 31, 2025, include both standalone and consolidated statements, prepared in accordance with Indian Accounting Standard 34 "Interim Financial Reporting" (Ind AS 34).
The results were signed by the Chief Financial Officer of the company and submitted to stock exchanges on February 14, 2026, maintaining compliance with disclosure requirements even while operating under the insolvency framework.
Historical Stock Returns for Sanwaria Consumer
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -3.03% | +3.23% | +28.00% | -8.57% | -31.91% | -46.67% |
18
