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Sanwaria Consumer Faces Liquidation as CoC Rejects All Resolution Plans
Sanwaria Consumer Limited, which has been under the Corporate Insolvency Resolution Process (CIRP) since May 2020, is now facing liquidation. The Committee of Creditors (CoC) has rejected all resolution plans submitted by five eligible bidders and has filed an application with the NCLT to initiate the liquidation process. Financial results for the quarter ended December 31, 2025, highlight severe accounting concerns, including the recording of expenses on a cash basis and unconfirmed bank balances. With no approved revival plan, the company's future as a going concern has effectively ended.
Key Highlights
Committee of Creditors (CoC) rejected all resolution plans submitted for the company's revival.
A formal application for the initiation of the Liquidation Process has been filed with the Hon'ble NCLT.
Auditors reported that expenses are being treated on a Cash Basis, which is against the company's standard accounting policy.
Bank balances are subject to confirmation, with no transactions recorded in most accounts for an extended period.
The company remains under the control of a Resolution Professional as the Board of Directors remains suspended.
💼 Action for Investors
Investors should exercise extreme caution as the move toward liquidation typically results in zero recovery for equity shareholders. The company's failure to secure a resolution plan indicates a total loss of investment value is highly probable.
Sanwaria Consumer Approves Q3 FY26 Financial Results Amid Ongoing CIRP
Sanwaria Consumer Limited has released its unaudited standalone and consolidated financial results for the quarter ended December 31, 2025. The company remains under the Corporate Insolvency Resolution Process (CIRP) following an NCLT order dated May 29, 2020. These results were approved by the suspended Board of Directors in a meeting held on February 14, 2026, as part of regulatory compliance. The statutory auditors have issued a Limited Review Report on these financial statements.
Key Highlights
Approved standalone and consolidated IndAS un-audited financial results for the quarter ended December 31, 2025.
Statutory Auditors issued a Limited Review Report for the Q3 FY26 period.
The company continues to be under the Corporate Insolvency Resolution Process (CIRP) since May 2020.
The meeting was conducted by the suspended Board of Directors to meet listing requirements.
💼 Action for Investors
Investors should exercise extreme caution as the company is undergoing insolvency proceedings; focus should remain on NCLT resolution updates rather than quarterly financial performance.