Latest news about Tasty Dairy Specialities
Tasty Dairy Specialities
4.88
+0.23(+4.95%)
Company Performance:
View Company Insights1D+4.95%
1M-4.31%
6M-30.68%
1Y-52.20%
5Y-86.48%
More news about Tasty Dairy Specialities
17Nov 25
Tasty Dairy Specialities Reports Quarterly Loss Amid Ongoing Insolvency Proceedings
Tasty Dairy Specialities Limited, operating under Corporate Insolvency Resolution Process (CIRP), reported a total income of ₹109.78 lakhs in Q2 FY2026, down from ₹647.55 lakhs in Q2 FY2025. The company's net loss was ₹205.70 lakhs. The dairy manufacturer faces material uncertainties including frozen bank accounts, negative net worth, and ongoing recovery proceedings by lenders. Despite these challenges, management is negotiating with lenders for a revival plan and implementing cost-saving measures. Auditors have expressed concerns about the company's ability to continue as a going concern.
15Nov 25
Tasty Dairy Specialities Reports Quarterly Loss Amid Ongoing Insolvency Proceedings
Tasty Dairy Specialities Limited, under Corporate Insolvency Resolution Process (CIRP), reported a net loss of ₹800.30 lakhs for Q2 FY2026. The company faces severe operational challenges including frozen bank accounts, negative net worth of ₹(3,385.30) lakhs, and overdue loans. Currently managed by a Resolution Professional, the company is struggling with insolvency proceedings and auditor concerns about its ability to continue as a going concern. Management is negotiating with lenders for a revival plan while implementing cost-saving measures.
14Oct 25
Tasty Dairy Specialities Limited Enters Insolvency Process Following Punjab National Bank's Application
Tasty Dairy Specialities Limited has entered the Corporate Insolvency Resolution Process (CIRP) after an order by the National Company Law Tribunal (NCLT), Allahabad bench. The order came in response to Punjab National Bank's application citing a financial debt of Rs. 72.59 crore. The CIRP was initiated on October 7, 2025, with Mr. Anish Agarwal appointed as the Interim Resolution Professional. The company defaulted on December 28, 2021, despite availing various COVID-19 relief schemes and attempting debt restructuring. The CIRP implementation suspends the Board of Directors' powers and imposes a moratorium on certain actions against the company.
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