Tasty Dairy Specialities' board has approved the financial results for the quarter ended June 30, 2025. The company reported revenue of ₹2.20 Cr and a net loss of ₹1.99 Cr.

The company is in severe financial distress with negative net worth, and its bank accounts have been frozen since November 2023, forcing transactions through third parties.

Lenders have initiated recovery proceedings, including a bank selling hypothecated property for ₹9.81 Cr.

Auditors highlight significant doubt about the company's ability to continue operations, citing non-compliance with accounting standards.

Management is engaged in developing a revival plan with lenders and mobilizing resources.