Khaitan Elec approaches BIFR to declare as sick unit

Trade

• Watchlist
• Portfolio
• Message
• Set Alert

 

 

Choose Stock Exchange: BSE LIVE NSE LIVE

26 Aug, 2025 12:21

Volume

Todays L/H

More

×

Household appliances maker Khaitan Electricals has approached the Board for Industrial and Financial Reconstruction (BIFR) to declare it as a sick industry as its accumulated losses had exceeded the net worth.

"The company has submitted an application for reference to the BIFR as the company has become a Sick Industrial Company pursuant to the provisions of Sick Industrial Companies (Special Provisions) Act, 1985 (SICA)," Khaitan Electricals informed in a filing to BSE.

On May 28, 2016, Khaitan Electricals had informed that its accumulated losses had exceeded the net worth as on March 31, 2016 and therefore it has become a sick industrial company.

Besides, a winding up petition has also been filed against the company before the Hyderabad High Court by Network Carrying Company.