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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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 [Showing first 8,000 characters — download PDF for full document]