Manpasand Beverages Limited — Important, 07-04-2025: Updates

The company has provided an update regarding its pending compliance status related to the ongoing audit and matters pertaining to the Corporate Insolvency Resolution Process (CIRP). Most compliances have been completed as per the NSE’s requirements, except for those directly related to the audit, including quarterly and annual reports. The audit is underway and is expected to be completed by the end of April. Following this, the company plans to convene committee meetings, board meetings, and general meetings to adopt the accounts.

Additionally, the NCLAT has suspended an earlier NCLT order admitting a petition under the Insolvency and Bankruptcy Code, which is currently pending adjudication. This situation necessitates close monitoring, especially with a hearing scheduled soon, as it could significantly affect the company's operational and financial stability. Investors should remain aware of these developments and their potential implications.