News Earnings Ushdev International Limited Delays Q3FY26 Financial Results Due to NCLT Liquidation ProceedingsUshdev International Limited Delays Q3FY26 Financial Results Due to NCLT Liquidation Proceedings
Ushdev International Limited has delayed its Q3FY26 financial results for the quarter ended 31st December, 2025, due to ongoing liquidation proceedings under NCLT order dated 16/10/2025. The company's liquidator, CA Trupalkumar Patel, stated that financial statements can only be finalized after completion of valuation exercises and other necessary liquidation procedures. The results will be submitted to BSE once the valuation process is completed.
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Ushdev International Limited has notified BSE Limited about the delay in submitting its quarterly financial results for the quarter ended 31st December, 2025, citing ongoing liquidation proceedings under an NCLT order. The company's liquidator has indicated that the financial statements require completion of valuation exercises before finalization.
NCLT Liquidation Order Details
The National Company Law Tribunal, Mumbai passed a liquidation order dated 16/10/2025 directing the liquidation of Ushdev International Limited. The company had previously communicated this order to BSE on 27/10/2025, keeping the exchange informed of the legal proceedings.
| Parameter: | Details |
|---|---|
| NCLT Order Date: | 16/10/2025 |
| Exchange Notification Date: | 27/10/2025 |
| Quarter End: | 31st December, 2025 |
| BSE Scrip Code: | 511736 |
Impact on Financial Reporting
Pursuant to the liquidation order, the company is required to prepare its financial statements after giving effect to the liquidation process. CA Trupalkumar Patel, the appointed liquidator, explained that the financial statements can only be finalized and published upon completion of the valuation exercise and other necessary procedures under the liquidation process.
The liquidator has committed to submitting the financial results to the exchange once the valuation process is completed and the financial statements are finalized. This delay reflects the complex nature of preparing financial statements during liquidation proceedings, which require comprehensive asset valuations and adherence to specific liquidation accounting principles.
Company Information
Ushdev International Limited operates with its registered office located at New Harileela House, 6th Floor, Mint Road, Fort, Mumbai - 400001, and corporate office at Apeejay House, 6th Floor, 130 Mumbai Samachar Marg, Fort, Mumbai - 400023. The company's CIN is L40102MH1994PLC078468, indicating its incorporation in Maharashtra in 1994.
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