Nitin Fire Protection Industries Ltd

Nitin Fire Protection Industries Completes Liquidation Sale & Appoints New Directors 🔄

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

- Liquidator Mr. Uliyar Balakrishna Bhat oversaw the sale of the company as a going concern, with a 'Sale Certificate' issued on 03 October 2024 (NCLT closure order pending).

- Unaudited financial results for June & September 2025 quarters approved by the Liquidator.

- New directors appointed under Elysian Wealth Fund’s acquisition plan: Mr. Allan Marcelline Lopes, Mr. Vikas Arunkumar Makharia, and Mr. Kailat Hariharan Vaidyanathan (effective 15 December 2025).

- Directors bring extensive industry experience and hold no conflicts with existing leadership.

- All directors confirm no regulatory debarments.