Nitin Fire Protection Industries Ltd

Nitin Fire Protection Completes Sale Under Liquidation 🏗️ | Q2 2025 Profits & New Leadership

- Corporate Insolvency Resolution Process began on 22 October 2018; liquidation commenced 18 January 2022.

- Sale as a going concern completed with 'Sale Certificate' issued 03 October 2024 (awaiting NCLT closure order).

- New directors appointed by Elysian Wealth Fund consortium: Allan Marcelline Lopes, Vikas Arunkumar Makharia, Kailat Hariharan Vaidyanathan.

- Standalone Q2 2025 (June 30): Profit ₹591.91 lakhs, Income ₹1,044.32 lakhs, Expenses ₹452.42 lakhs.

- Consolidated Q2 2025 (June 30): Profit ₹662.17 lakhs, Income ₹1,074.87 lakhs, Expenses ₹412.44 lakhs.

- Q1 2025 (March 31) revenue negative due to sales reversal from earlier quarter.

- Share capital remains ₹5,845.39 lakhs pending final approval for share restructuring.

- Subsidiaries Eurotech Cylinders & associate Worthington Nitin Cylinders included in financials.