Insilco Ltd Reports Q2 Results, Announces New Directorship and Chairman Appointment Amid Voluntary Liquidation Process
Insilco Ltd announced several key outcomes from its Board of Directors meeting held on July 28, 2026. The board approved the Un-Audited Financial Results and a Limited Review Report for the quarter/three months ended June 30, 2026. Furthermore, the company reported updates regarding its ongoing voluntary liquidation process and leadership appointments.Board Meeting Decisions and Appointments
During the meeting held on July 28, 2026, the Board of Directors considered and approved the Un-Audited Financial Results for the quarter ended June 30, 2026, along with a Limited Review Report. These results are available on the company’s website.The board also made significant appointments regarding the company's structure:
- Additional Director: Mr. Manmohan Juneja (DIN: 00464238) was appointed as an Additional Director in the category of Non-Executive Independent Director. This appointment is not liable to retire by rotation and covers a term of five consecutive years, effective from August 4, 2026, to August 3, 2031, subject to shareholder approval.
- Chairman: Effective from August 4, 2026, Mr. Manmohan Juneja (DIN: 00464238) was approved by the Board of Directors as Chairman of the Board.
Update on Voluntary Liquidation Status
Ms. Kapila Gupta, the Liquidator of the company, provided an update to the board concerning the voluntary liquidation process.The review report conducted for the un-audited financial results confirmed that the statements were reviewed in accordance with relevant standards. A key material detail noted in the review pertains to the ongoing status of the company's processes:
| Area | Status Detail |
|---|---|
| Financial Reporting Basis | The financial results for the quarter ended June 30, 2026, were not prepared on a going concern basis due to the Board’s decision regarding voluntary liquidation. |
| Liquidation History | The company has been under the Voluntary Liquidation Process since June 25, 2021. The process was completed on July 18, 2025, and the dissolution application was filed with National Company Law Tribunal, Allahabad. |
| Ongoing Legal Matter | There are ongoing proceedings before the Office of Deputy Labour Commissioner/Assistant Labour Commissioner (DLC/ALC) concerning claims by thirty-five employees seeking reinstatement, alleging that their services were illegally terminated after being paid under the Voluntary Retirement Scheme (VRS). |
The board meeting commenced at 10:10 A.M. and concluded at 10:35 A.M.
Stock Price Movement
Insilco Ltd. settled at ₹8.36, reflecting a decline of 4.89% in trading for the day. The shares experienced volatility during the session, ranging between an intraday low of ₹8.36 and a high of ₹8.89.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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