Safal Securities

Safal Securities Limited is a public limited company based in Ahmedabad, Gujarat, incorporated to operate as a stock broker in the Indian financial market. The company is currently under a corporate insolvency resolution process, initiated after a creditor filed an application with the National Company Law Tribunal. For the last few years, the company has not been able to generate revenue from its business activity and has instead incurred financial losses. Due to non-compliance with regulations, the company's shares have been suspended from trading on the Bombay Stock Exchange. The management anticipates that the Committee of Creditors will formulate a positive resolution plan, creating potential for future growth and new opportunities. The company does not have any subsidiary, joint venture, or associate companies, operating as a standalone entity.;