Nitin Fire Protection Industries Ltd

Nitin Fire Protection Industries Completes Sale as Going Concern 🏢 | Q3 2025 Financials Revealed 📊

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

- Liquidator Mr. Uliyar Balakrishna Bhat successfully sold the company as a going concern under IBC, 2016, with Sale Certificate issued on 03 October 2024.

- NCLT Mumbai approved the sale with clean slate status on 3rd June 2025 (final closure order pending).

- Unaudited Standalone Revenue for Q3 2025: ₹653.41 lakhs (Total Income: ₹654.58 lakhs).

- Unaudited Consolidated Revenue for Q3 2025: ₹711.49 lakhs (Total Income: ₹826.55 lakhs).

- Application filed for cancellation and fresh issuance of equity shares (pending approval).

- Statutory auditors Tolia & Associates provided unqualified review of financial results.

- No income tax provision due to absence of taxable income; no deferred tax asset recognized.