Birla Cotsyn (India) Ltd

Birla Cotsyn’s Liquidation & Revival: Key Updates & Next Steps 🔍

- Corporate Insolvency Resolution Process (CIRP) began on November 20, 2018, and liquidation commenced on September 24, 2019.

- NCLT approved a Composite Scheme of Compromise and Arrangement on January 09, 2025, with Nikhil Jain, Rohstoffe International, and Wendt Finance as acquirers.

- Wholly owned subsidiary Birla Cotsyn (India) Limited FZE was dormant during CIRP/liquidation—no operations or revenue.

- No subsidiary records were handed over by the liquidator to acquirers.

- Standalone & consolidated financials for Sept 30, 2025, are identical due to subsidiary’s inactivity.

- Subsidiary’s standalone investment value: ₹4,31,473.

- Subsidiary’s net worth (FY 2023-24 audited): ₹21,10,72,567.

- No inter-company transactions reported in the quarter.

- Statutory auditors confirmed dormant status and accounting treatment.

- Company is rebuilding records and reconnecting with subsidiary’s UAE office.

- Next steps: Secure full subsidiary documentation and decide on its future (revival, continuation, or closure).