Nitin Fire Protection Industries Ltd
Nitin Fire Protection Completes Liquidation Sale 🏭 | Q4 FY2025 Results Show Profit Amid Challenges
- Corporate Insolvency Resolution Process began on 22 October 2018; liquidation commenced 18 January 2022.
- Sale as a going concern completed with 'Sale Certificate' issued on 03 October 2024 (NCLT closure order pending).
- Q4 FY2025 standalone results: Net profit of ₹360.50 lakhs, EPS of ₹0.12.
- FY2025 consolidated results: Net loss of ₹53.45 lakhs, EPS of (₹0.02).
- Revenue reversal in Q4 led to negative operations revenue.
- Exceptional items reclassified as capital reserve.
- Principal business remains fire protection/detection equipment.
- Statutory Auditor reappointed: M/s. Tolia & Associates (FRN: 111017W).
- Fresh equity shares issuance pending liquidation closure.