Birla Cotsyn (India) Ltd

📊 Birla Cotsyn Clarifies Non-Submission of Consolidated Financials for Dec 2025 Quarter

• Company was under Corporate Insolvency Resolution Process from November 20, 2018, and liquidation from September 24, 2019

• Composite Scheme of Compromise and Arrangement approved by NCLT on January 9, 2025, concluding liquidation

• Wholly-owned subsidiary Birla Cotsyn (India) Limited FZE was dormant with 0% contribution to revenue and profit

• No operational activities during CIRP and liquidation periods for the subsidiary

• No subsidiary records provided by Liquidator to acquirers, making consolidation impossible

• Shareholders approved closure of subsidiary at Annual General Meeting on September 29, 2025

• Statutory auditors acknowledged subsidiary's dormant status and documentation unavailability

• Company asserts compliance with Indian Accounting Standards (Ind AS 110 and Ind AS 27)