Nitin Fire Protection Industries Ltd

Nitin Fire Protection Industries Completes Liquidation Sale & Reports Turnaround 📈

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

- Liquidator Mr. Uliyar Balakrishna Bhat completed sale as a going concern; 'Sale Certificate' issued October 3, 2024 (NCLT closure pending).

- Unaudited financials approved for June 30 & September 30, 2025 quarters.

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

- Q2 2025 profit before tax: ₹724.69 lakhs vs. ₹282.23 lakhs loss (Q2 2024).

- EPS for September 30, 2025: ₹0.25 (basic/diluted).

- Fresh equity shares application pending liquidation closure.

- Subsidiary (Eurotech Cylinders) & associate (Worthington Nitin Cylinders) included in consolidated results.

- Q2 2025 total income: ₹1,287.93 lakhs; expenses: ₹1,262.05 lakhs.