I find it very strange the way Talwalkars has handled this spin-off event. Now, there will two companies listed, so it is reasonable for a shareholder to expect financial results for two separate companies as recent as possible. However, I could find the one dated March 2016.
In last con call, management had said that they would publish the result as soon as they receive all approvals from NCLT/BSE/NSE. However, the presentation that they posted two weeks back does not contain separate balance sheet for two companies. I am wondering how they expect current and future investor to take a decision based on some data which is all most two years old?
I called the company and asked about listing of other company. They said it may take around 3 to 4 weeks to list the other company.