Tulsi Extrusions Ltd Approves Q3 FY25 Results, Clarifies Delay After Insolvency Revival

Tulsi Extrusions Ltd Approves Q3 FY25 Results, Clarifies Delay After Insolvency Revival​

Tulsi Extrusions Ltd announced the approval of its Unaudited Standalone Financial Results for the quarter and nine months ended December 31, 2025. The company also addressed the delay in submission, citing complex transitional issues stemming from past insolvency proceedings and ongoing legal matters related to capital restructuring. Furthermore, the Board noted the resignation of Ms. Muskan Aggarwal.

The Board of Directors meeting, held on July 3, 2026, reviewed and sanctioned the financial results by the company's management. Concurrent with this update, the company provided a detailed clarification regarding the delay in submitting these financial statements.

Clarification on Submission Delay​

Tulsi Extrusions Ltd stated that the delay in the submission of financial results was neither intentional nor attributable to negligence. The circumstances leading to the delay were rooted in regulatory and procedural constraints arising from the company's history, which included Corporate Insolvency Resolution Process followed by liquidation proceedings spanning from December 2018 to December 2021.

The company confirmed that following a successful resolution process, Mr. Surender Kumar Bansal filed an application before the National Company Law Tribunal (NCLT), Mumbai Bench, in IA No. 2558 of 2021 seeking reliefs including the revival of the Company and reconstitution of its Board. Subsequently, the NCLT directed the Liquidator to intimate the Registrar of Companies regarding the change in status from 'Under Liquidation' to a 'going concern,' which led to the company's status being restored as 'Active' in MCA records, and management assuming control.

The delay is further contextualized by the ongoing application filed before the NCLT for approval regarding fresh equity share issuance and extinguishment of the existing capital structure. Until this application is adjudicated, the company remains constrained in finalizing its revised capital structure and determining the public shareholding pattern.

Management also noted that the revival process required reconstructing financial records and verifying historical transactions since they assumed charge after the liquidation proceedings.

Financial Performance Overview​

The Unaudited Statement of Financial Results for the quarter and period ended December 31, 2025, showed significant figures across various lines items (amounts are in INR Lakhs). Key details from the statement include:


Financial metrics detailed in the statement include:


The company committed to strengthening its internal compliance mechanisms and assuring that all pending filings are being regularized.

In addition to the financial review, the Board meeting also noted the resignation of Ms. Muskan Aggarwal, who served as Company Secretary and Compliance officer, effective June 24, 2026.