BSEResult11 Aug 2026 · 11 Aug 2026, 02:27 pm
Pursuant to Regulations 33 of the SEBI (LODR) Regulations, 2015 we hereby submit the Unaudited Financial Results for the quarter ended on 30 June 2026 along with the Limited Review Report ....
Tasty Dairy Specialities Ltd · 540955
✦ AI Summary▼ NegativeInsolvency
Tasty Dairy Specialities Ltd has announced unaudited financial results for the quarter ended June 30, 2026, with accumulated losses and net worth fully eroded, casting doubt on the company's ability to continue as a going concern. The company is under Corporate Insolvency Resolution Process and has certain litigations and legal proceedings pending.
Analysis Scores
Earnings Impact1/10
Growth Catalyst1/10
Governance Concern8/10
Regulatory Risk6/10
Balance Sheet Risk10/10
Liquidity Impact1/10
Market Sentiment1/10
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Full Announcement
Tasty Dairy Specialities Ltd - 540955 - Financial Results For The Quarter Ended June 30, 2026
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Tasty@airy
SPECIALITIES LTD.
TDSL/BSE/FR/2026-27 August 11,2026
Corporate Listing Department
Bombay Stock Exchange Limited
Phiroze Jeejeebhoy Towers
Dalal Street,
Mumbai- 400001
Serip Code- 540955, ISIN:INE773Y01014 (TDSL)
Subject: Regulation 30 and 33 of Securities and Exchange Board of India (Listing Obligations
and Disclosure Requirements), Regulations, 2015 as amended.
Dear Sir / Madam,
Please find enclosed herewith the Unaudited Financial Results (Standalone) of the Company for the
Quarter ended on June 30, 2026 along with the Limited Review Report of the Auditors thereon.
This is Compliance with Regulation 33 of Securities and Exchange Board of India (Listing
Obligations and Disclosure Requirements), Regulations, 2015 as amended.
The above information is also being made available on the Company's corporate website at
www.tastydairy.com
Kindly take the same on record and display the same on the website of your exchange.
Thanks & Regards,
For TASTY DAIRY SPEC{A&T!ES LIMITED
- < B
(Anish Agarwal)
Resolution Professional
IP Registration No.: IBBI Reg. No. IBBI/IPA-001/IP-P-01497/2018 -2019/12256
Encl.: As stated above
(Tasty Dairy Specialities Limited is under Corporate Insolvency Resolution Process of the
Insolvency and Bankruptcy Code 2016, Its affairs, business and assets are being managed by the
Resolution Professional, Mr. Anish Agarwal (IP Registration No.: IBBI Reg. No. IBBI/IPA-
001/IP-P-01497/2018 -2019/12256) vide order dated October 07, 2025.
Registered office: D-3&D-5, UPSIDC,Industrial Area Jainpur, Kanpur Dehat,Uttar Pradesh, India, Pincode - 209311 I aSte that reflects
Administrative office: G-6,12/483, Ratandham ent. McRobertganj, Kanpur Uttar Pradesh, India, Pincode-208001
MNo LIS202UP1992PLE014583
CA NEHA B AGARWAL & CO 2nd Floor, Room No: 212 & 216
“ Chartered Accountants 7/1A Grant Lane, Kolkata 700012
INDIA
INDEPENDENT AUDITOR’S LIMITED REVIEW REPORTON UNAUDITED FINANCIAL
RESULTS OF TASTY DAIRY SPECIALITIES LIMITEDFOR THE QUARTER ENDED 30™
JUNE, 2026 PURSUANT TO REGULATION 33 OF THE SEBI (LISTING OBLIGATIONS AND
DISCLOSUREREQUIREMENTS) REGULATIONS, 2015, AS AMENDED
To the Resolution Professional of Tasty Dairy Specialities Limited
We have reviewed the accompanying statement of unaudited standalone financial results of Tasty
Dairy Specialties Limited (“the Company”) for the quarterended on June 30, 2026 (“the
Statement”), attached herewith, being submitted by the Company pursuant to the requirements of
Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
(“Listing Regulations”), as amended.
This Statement which is the responsibility of the Resolution Professional, has been prepared in
accordance with the recognition and measurement principles laid down in Indian Accounting
Standard (Ind AS) 34 - “Interim Financial Reporting”, prescribed under Section 133 of the
Companies Act, 2013, read with the relevant rules thereunder and other accounting principles
generally accepted in India. Our responsibility is to express a conclusion on the Statement based on
our review.
We conducted our review in accordance with Standard on Review Engagements (SRE) 2410,
“Review of Interim Financial Information Performed by the Independent Auditor of the Entity”,
issued by the Institute of Chartered Accountants of India (ICAI). This standard requires that we
plan and perform the review to obtain moderate assurance as to whether the Statement is free from
material misstatement. A review is substantially less in scope than an audit conducted in
accordance with the Standards on Auditing specified under Section 143(10) of the Companies Act,
2013 and consequently does not enable us to obtain assurance that we would become aware of all
significant matters that might be identified in an audit. Accordingly, we do not express an audit
opinion.
Basis for Qualified Conclusion
1. The Company has accumulated losses and its net worth stands fully eroded. These conditions,
together with the cessation of manufacturing activities, indicate the existence of a material
uncertainty that casts significant doubt on the Company’s ability to continue as a going concern.
Accordingly, the accompanying financial results have been prepared on a basis other than going
concern, for the reasons stated herein.
2. Asdisclosed in the notes to the accompanying Statement, the Company was involved in certain
litigations and legal proceedings, including labour related matters, arbitration proceedings,
proceedings before the Debt Recovery Tribunal, SARFAESI related proceedings, and other
claims and complaints. Certain litigation records and related documentation have not been fully
made available by the suspended management and, in some cases, no claims have been filed
under the CIRP as at the reporting date. Accordingly, we are unable to assess the completeness
of disclosures and the consequential financial impact, if any, of such matters on the
accompanying Statement.Pursuant t mmencement of Corporate Insolvency Resolution
Kalka
STRs/
@ +0198319 66642 /033 40733118 Branches at : NEW DELHI, GURGAON & MUMBAI nehabagarwalandco@gmail.com
NEHA B AGARWAL & CO 2nd Floor, Room No: 212 & 216
Chartered Accour g 7/1A Grant Lane, Kolkata 700012
I N D | AProcess ((‘:ll&i’s undre‘rtl%e ’flnslgt\j/gggy and Bankruptcy Code, 2016, a moratorium under Section 14
of the Code has come into effect in respect of certain proceedings against the Company.
3. As disclosed in the notes to the Statement, certain assets of the Company were sold by the
lending bank under the SARFAESI Act, 2002 prior to commencement of CIRP, and the sale
proceeds were appropriated towards outstanding loan dues. Such transactions have not been
recognized as sale of assets in the books due to non - availability of complete details and non -
recognition by the suspended management. Accordingly, the related assets continue to be
reflected under Property, Plant and Equipment and the corresponding amounts have been
classified as other long-term liabilities. Further, the Property, Plant and Equipment continue to
be carried at values as per records of the suspended management. Accordingly, we are unable to
comment upon the consequential impact of the above on the accompanying Statement.
4. Pending completion of CIRP, the company has not carried out impairment testing of tangible
assets during the period of audit. Based on the information and explanation provided to us, the
Resolution Professional had carried out the physical verification of assets and obtained valuation
reports from registered valuers. However, no accounting impact was given based on the
outcome of the valuation and physical verification pending completion of CIRP.
Due to the ongoing Corporate Insolvency Resolution Process (“CIRP”) and consequential
operational and practical limitations, certain requirements of the applicable Indian Accounting
Standards (“Ind AS”) relating to valuation, measurement, assessment and related disclosures
could not be fully complied with by the Company. Accordingly, the consequential impact, if any,
on the accompanying Statement is presently not ascertainable.
6. The balances of trade receivables, loans and advances are non-recoverable and recoverability of
certain other balances remains uncertain as confirmed by the management. However, pending
completion of the Corporate Insolvency Resolution Process (“CIRP”), no consequential
adjustments have been carried out in the accompanying Statement. Accordingly, we are unable
to determine whether any adjustments are necessary in respect of the carrying amounts of such
balances as at June 30, 2026.
Qualified Conclusion
Based on our review conducted as above, except for the effects/possible effects of the matters
described in the Basis for Qualified Conclusion paragraph above (including non-quantification for
the reasons stated), nothing has come to our attention that causes us to believe that the
accompanying Statement, prepared in accordance with the applicable
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