 However, by the mid-1990s the performance of the company was very weak and by 1993 all its reserves were washed off.Hyderabad Allwyn Limited had become sick company when its accumulated losses had exceeded Rs.180 crores (INR 1.8 Billion) as on 31 March 1993 and was referred to the Board for Industrial and Financial Reconstruction (BIFR) under the provisions of the Sick Industrial Companies (Special Provisions) Act, 1985.Hyderabad Allwyn become a company with negative net worth.