| Scrip Code | 514034 |
|---|---|
| NSE Symbol | JBFIND |
| MSEI Symbol | NOTLISTED |
| ISIN | INE187A01017 |
| Name of company | JBF INDUSTRIES LIMITED |
| Type of company | Main Board |
| Class of security | Equity |
| Date of start of financial year | 01-04-2025 |
| Date of end of financial year | 31-03-2026 |
| Date of board meeting when results were approved | 19-05-2026 |
| Date on which prior intimation of the meeting for considering financial results was informed to the exchange | 07-05-2026 |
| Description of presentation currency | INR |
| Level of rounding used in financial results | Lakhs |
| Reporting Type | Quarterly |
| Reporting Quarter | Fourth quarter |
| Nature of report standalone or consolidated | Standalone |
| Whether results are audited or unaudited for the quarter ended | Audited |
| Whether results are audited or unaudited for the Year to date for current period ended/year ended | Audited |
| Segment Reporting | Single segment |
| Description of single segment | In the opinion of the management, the Company is engaged only in the business of producing polyester based products. As such, there are no separate reportable segments. |
| Start date and time of board meeting | 19-05-2026 18:15:00 |
| End date and time of board meeting | 19-05-2026 19:05:00 |
| Whether cash flow statement is applicable on company | Yes |
| Type of cash flow statement | Cash Flow Indirect |
| Declaration of unmodified opinion or statement on impact of audit qualification | Statement on impact of audit qualification |
| Whether the company has any related party? | No |
| Whether the company has entered into any Related Party transaction during the selected half year for which it wants to submit disclosure? | No |
| (I) We declare that the acceptance of fixed deposits by the bans/Non-Banking Finance Company are at the terms uniformly applicable/offered to all shareholders/public | No |
| (II) We declare that the scheduled commercial bank, as per RBI circular RBI/DBR/2015-16/19 dated March 03, 2016, has allowed additional interest of one per cent per annum, over and above the rate of interest mentioned in the schedule of interest rates on savings or a term deposits of banks staff and their exclusive associations as well as on deposits of Chairman, Chairman & Managing Director, Executive Director or such other Executives appointed for a fixed tenure. | NA |
| Whether the company is a high value debt listed entity according to regulation 15 (1A)? | No |
| (a) If answer to above question is Yes, whether complying with proviso to regulation 23 (9), i.e., submitting RPT disclosures on the day of results publication? | |
| (b) If answer to above question is No, please explain the reason for not complying. | |
| Whether the updated Related Party Transactions (RPT) Policy (in compliance with Reg. 23 of SEBI LODR) has been uploaded on the website of the Company? | Yes |
| Latest Date on which RPT policy is updated | 14-11-2014 |
| Indicate Company website link for updated RPT policy of the Company | www.jbfindustries.co.in |
| Whether statement on deviation or variation for proceeds of public issue, rights issue, preferential issue, qualified institutions placement etc. is applicable to the company for the current quarter? | No |
| No. of times funds raised during the quarter | |
| Whether the disclosure for the Default on Loans and Debt Securities is applicable to the entity? | No |
| NA | |
| Particulars | 3 months/ 6 months ended (dd-mm-yyyy) | Year to date figures for current period ended (dd-mm-yyyy) | |
|---|---|---|---|
| A | Date of start of reporting period | 01-01-2026 | 01-04-2025 |
| B | Date of end of reporting period | 31-03-2026 | 31-03-2026 |
| C | Whether results are audited or unaudited | Audited | Audited |
| D | Nature of report standalone or consolidated | Standalone | Standalone |
| 1 | Income | ||
| Revenue from operations | 0.00 | 0.00 | |
| Other income | 2.00 | 15.00 | |
| Total income | 2.00 | 15.00 | |
| 2 | Expenses | ||
| (a) | Cost of materials consumed | 0.00 | 0.00 |
| (b) | Purchases of stock-in-trade | 0.00 | 0.00 |
| (c) | Changes in inventories of finished goods, work-in-progress and stock-in-trade | 0.00 | 0.00 |
| (d) | Employee benefit expense | 19.00 | 69.00 |
| (e) | Finance costs | 0.00 | 0.00 |
| (f) | Depreciation, depletion and amortisation expense | 0.00 | 0.00 |
| (f) | Other Expenses | ||
| 1 | Other Expenses | 129.00 | 373.00 |
| Total other expenses | 129.00 | 373.00 | |
| Total expenses | 148.00 | 442.00 | |
| 3 | Total profit before exceptional items and tax | (146.00) | (427.00) |
| 4 | Exceptional items | (113.00) | (113.00) |
| 5 | Total profit before tax | (259.00) | (540.00) |
| 6 | Tax expense | ||
| 7 | Current tax | 1.00 | 1.00 |
| 8 | Deferred tax | 0.00 | 0.00 |
| 9 | Total tax expenses | 1.00 | 1.00 |
| 10 | Net movement in regulatory deferral account balances related to profit or loss and the related deferred tax movement | 0.00 | 0.00 |
| 11 | Net Profit Loss for the period from continuing operations | (260.00) | (541.00) |
| 12 | Profit (loss) from discontinued operations before tax | 0.00 | 0.00 |
| 13 | Tax expense of discontinued operations | 0.00 | 0.00 |
| 14 | Net profit (loss) from discontinued operation after tax | 0.00 | 0.00 |
| 15 | Share of profit (loss) of associates and joint ventures accounted for using equity method | 0.00 | 0.00 |
| 16 | Total profit (loss) for period | (260.00) | (541.00) |
| 17 | Other comprehensive income net of taxes | 0.00 | 0.00 |
| 18 | Total Comprehensive Income for the period | (260.00) | (541.00) |
| 19 | Total profit or loss, attributable to | ||
| Profit or loss, attributable to owners of parent | |||
| Total profit or loss, attributable to non-controlling interests | |||
| 20 | Total Comprehensive income for the period attributable to | ||
| Comprehensive income for the period attributable to owners of parent | |||
| Total comprehensive income for the period attributable to owners of parent non-controlling interests | |||
| 21 | Details of equity share capital | ||
| Paid-up equity share capital | 8,187.00 | 8,187.00 | |
| Face value of equity share capital | 10 | 10 | |
| 27 | Details of debt securities | ||
| 22 | Reserves excluding revaluation reserve | 0.00 | |
| 23 | Earnings per share | ||
| i | Earnings per equity share for continuing operations | ||
| Basic earnings (loss) per share from continuing operations | -0.31 | -0.66 | |
| Diluted earnings (loss) per share from continuing operations | -0.31 | -0.66 | |
| ii | Earnings per equity share for discontinued operations | ||
| Basic earnings (loss) per share from discontinued operations | 0 | 0 | |
| Diluted earnings (loss) per share from discontinued operations | 0 | 0 | |
| ii | Earnings per equity share | ||
| Basic earnings (loss) per share from continuing and discontinued operations | -0.31 | -0.66 | |
| Diluted earnings (loss) per share from continuing and discontinued operations | -0.31 | -0.66 | |
| 24 | Debt equity ratio | 0 | 0 |
| 25 | Debt service coverage ratio | 0 | 0 |
| 26 | Interest service coverage ratio | 0 | 0 |
| 27 | Disclosure of notes on financial results | Textual Information(1) | |
| Textual Information(1) | 1.The above results have been reviewed and approved by the Resolution Professional at their meeting held on 19th May 2026. These Audited Result have been reviewed by the Statutory Auditors of the Company. 2. All the lenders except Tamilnad Mercantile Bank Ltd had assigned the debts along with all the rights and interests on the secured assets to CFM Asset Reconstruction Private Limited CFM, who in turn sold it to Madelin Enterprises Private Limited MEPL under the SARFAESI Act 2002 and manufacturing operations from all locations have been discontinued. In addition, the Company has received demand notice from Tamilnad Mercantile Bank Ltd, TMBL under Section 13 2 of the Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 Sarfaesi Act and the Rules framed thereunder for recovery of their dues vide letter dated 23rd November, 2021. amounting to Rs. 32.94 Crores plus future interest as applicable thereon in terms of loan agreement. TMBL has denied to release the pro rata charge on assets of the company. Therefore TMBL approached DRT Mumbai for recovery of their dues from the Company and CFM. DRT Mumbai has passed interim order and CFM challenged the maintainability of TMBL application in DRAT where their contention was upheld, thereafter TMBL has approached Gujarat High Court and matter is subjudice. TMBL has also filed an IA with NCLT which is dismissed. In light of the above facts, there could be a significant and material impact on the going concern status of the Company and its future operations. The Companys ability to sustain itself and generate revenues to meets its financial commitment, has been critically dented. The same has been referred by the auditors in their report on results and was also referred by the auditors in their reports on the financial statements and results for the earlier years quarters. 3. Exceptional items for the quarter ended 31st March, 2026 and for year ended 31st March 2025 represents loss on account of Provision for doubtful debts and repossession of secured assets by the Lender. 4. As the Company was admitted by the Honble NCLT vide its order dated 25th January 2024, therefore, the Company has provided interest Nil p.a. wef. 1st April 2023 on term loan, Cash Credit limits and Cumulative Redeemable Preference Shares CRPS on its borrowings aggregating to Rs. 2,47,379 lakhs Term Loan Rs. 64,121 lakhs and Cash Credit Rs. 1,71,862 lakhs and CRPS Rs. 11,396 lakhs as against the documented rate as required as per IND AS 23 Borrowing Costs read with IND AS109 on Financial Instruments since Company unable to service interest liability. Aggregate amount of interest not provided for as at 31st March, 2026 is Rs.2,01,433 lakhs. Accordingly, finance costs for the quarter ended 31st March 2026, for the quarter ended 31st Dec, 2025, for the quarter ended 31st March,2025 and for the year ended 31st March 2026 and for the year ended 31st March 2025 is lower by Rs. 11,756 lakh, Rs.11,605 lakh, Rs. 10,241 lakh, Rs.45,283 lakh and Rs. 39,462 lakh respectively. The same has been qualified by the Auditors in their report on the results and was also qualified by the Auditors in their reports on the Financial Statements and results for the earlier year quarters.. 5. The Company had issued a corporate guarantee of USD 463.96 Million equivalent of Rs. 3,77,587 lakhs to the lenders of JBF Petrochemicals Limited JPL, a step down subsidiary. However, following the sale of secured assets including its investments in subsidiaries and step down subsidiary. One of the lenders of JPL vide its letter dated 24th April, 2018 invoked corporate guarantee to the extent of USD 252.00 Million equivalent of Rs.1,99,155 lakhs as JPL has defaulted in servicing its borrowings towards principal and interest thereon. Company has denied above invocation and is of the view that above corporate guarantee was valid only up to one year from the Commercial operation date i.e. 31st March, 2017 and all obligations of the Company towards above lenders stand rescinded, have fallen away and ceased to exist as on 1st April, 2018. In view of the above, invocation of corporate guarantee on 24th April, 2018 is not legally tenable and hence no provision is required towards the guarantee so invoked. Company has discontinued recognition of guarantee commission w.e.f. 1st April, 2018. Further IDBI bank has filed IA with NCLT Ahmedabad against rejection of their claim in CIRP process, which stands allowed and in compliance of orders of Honourable NCLT, RP has admitted the claim of IDBI. IDBI is now a member of COC. RP and CFM have filed appeal in NCLAT against the NCLT order. On instructions of COC, appeal filed by RP stands withdrawn. CFM too has withdrawn the appeal. The same has been referred by the Auditors in their report on the results and was also referred by the Auditors in their reports on the Financial Statements and results for the earlier years quarters. 6. Due to the repossession of secured assets including all investments made by the Company in its subsidiaries and stepdown subsidiary on 6th June, 2022, the exposures has been reduced to NIL 7. Due to financial restructuring negotiation with lenders and or investors, Company did not receive the audited financial statements of its subsidiaries, hence the Company could not prepare the consolidated financial statements of the Company and accordingly no consolidated financial results have been published. The same has been referred by the auditors in their report on results and was also referred by the auditors in their report on the financial statements and results for the earlier years quarters. As on 31st March 2023, Ms. Madelin Enterprises Pvt.Ltd., has acquired the holding of our Company in the Subsidiary Company JBF Global Pte Limited situated at Singapore under the Sarfaesi Act but pending transfer in the name of Madelin Enterprises Pvt. Ltd., the shares are still in name of the company as on date. 8 There is no Chief Executive Officer CEO, Chief Financial Officer CFO of the Company and Company Secretary CS and Compliance Officer of the Company. The same has been referred by the auditors in their report on results and was also referred by the auditors in their report on the financial statements and results for the earlier years quarters. 9. One of the operational creditors of JBF RAK LLC, situated at UAE JBF RAK, had made an application with National Company Law Tribunal NCLT under Insolvency and Bankruptcy Code, 2016 against the Company, for supply of raw materials to JBF RAK and claimed for a debt of Rs. 12,848 lakh USD 19,899,091.53 as per notice dated 17th February, 2020. This application stand dismissed as infructuous hence no provision is required for above claim, as another application was admitted. Further, the operational creditor of JBF RAK LLC has filed its claim with RP, which also has been admitted by him based on NCLT order, the same has been referred by the auditors in their report on results and was also referred by the auditors in their report on the financial statements and results for the earlier years quarters. 10 In the opinion of the management, the Company was engaged only in the business of producing polyester based products. As such, there are no separate reportable segments. 11. An application was filed before the National Company Law Tribunal NCLT, Ahmedabad, by one of the Operational Creditor against the Company under section 9 of Insolvency and Bankruptcy Code, 2016. The matter was admitted by the Honble NCLT vide its order dated 25th January 2024 and One resolution plan has been approved by Committee of Creditors COC and Honble NCLT has remanded back the plan to COC for reconsideration with certain observation. 12. The figures for the corresponding previous period year have been regrouped re-arranged wherever necessary, to make them comparable. |
|---|
| Debt equity ratio | |
|---|---|
| Debt service coverage ratio | |
| Interest service coverage ratio |
| Particulars | Year ended (dd-mm-yyyy) | |
|---|---|---|
| Date of start of reporting period | 01-04-2025 | |
| Date of end of reporting period | 31-03-2026 | |
| Whether results are audited or unaudited | Audited | |
| Nature of report standalone or consolidated | Standalone | |
| Assets | ||
| 1 | Non-current assets | |
| Property, plant and equipment | 0.00 | |
| Capital work-in-progress | 0.00 | |
| Investment property | 0.00 | |
| Goodwill | 0.00 | |
| Other intangible assets | 0.00 | |
| Intangible assets under development | 0.00 | |
| Biological assets other than bearer plants | 0.00 | |
| Investments accounted for using equity method | 0.00 | |
| Non-current financial assets | ||
| Non-current investments | 0.00 | |
| Trade receivables, non-current | 0.00 | |
| Loans, non-current | 0.00 | |
| Other non-current financial assets | ||
| Total of other non-current financial assets | ||
| Total non-current financial assets | 0.00 | |
| Deferred tax assets (net) | 0.00 | |
| Other non-current assets | ||
| Total of other non-current assets | ||
| Total non-current assets | 0.00 | |
| 2 | Current assets | |
| Inventories | 0.00 | |
| Current financial asset | ||
| Current investments | 0.00 | |
| Trade receivables, current | 0.00 | |
| Cash and cash equivalents | 148.00 | |
| Bank balance other than cash and cash equivalents | 19.00 | |
| Loans, current | 0.00 | |
| Other current financial assets | ||
| Total of other current financial assets | 1.00 | |
| Total current financial assets | 168.00 | |
| Current tax assets (net) | 1.00 | |
| Other current assets | ||
| 1 | Other current assets | 4,823.00 |
| Total of other current assets | 4,823.00 | |
| Total current assets | 4,992.00 | |
| 3 | Non-current assets classified as held for sale | |
| 4 | Regulatory deferral account debit balances and related deferred tax Assets | |
| Total assets | 4,992.00 | |
| Equity and liabilities | ||
| 1 | Equity | |
| Equity attributable to owners of parent | ||
| Equity share capital | 8,187.00 | |
| Other equity | (2,94,003.00) | |
| Total equity attributable to owners of parent | (2,85,816.00) | |
| Non controlling interest | ||
| Total equity | (2,85,816.00) | |
| 2 | Liabilities | |
| Non-current liabilities | ||
| Non-current financial liabilities | ||
| Borrowings, non-current | 0.00 | |
| Trade payables, non-current | ||
| (A) Total outstanding dues of micro enterprises and small enterprises | 0.00 | |
| (B) Total outstanding dues of creditors other than micro enterprises and small enterprises | 0.00 | |
| Total Trade payable | 0.00 | |
| Other non-current financial liabilities | ||
| Total of other non-current financial liabilities | ||
| Total non-current financial liabilities | 0.00 | |
| Provisions, non-current | 0.00 | |
| Deferred tax liabilities (net) | 0.00 | |
| Deferred government grants, Non-current | 0.00 | |
| Other non-current liabilities | ||
| Total of other non-current liabilities | ||
| Total non-current liabilities | 0.00 | |
| Current liabilities | ||
| Current financial liabilities | ||
| Borrowings, current | 2,35,984.00 | |
| Trade payables, current | ||
| (A) Total outstanding dues of micro enterprises and small enterprises | 160.00 | |
| (B) Total outstanding dues of creditors other than micro enterprises and small enterprises | 3,895.00 | |
| Total Trade payable | 4,055.00 | |
| Other current financial liabilities | ||
| 1 | Other financial liabilities | 45,975.00 |
| Total of other current financial liabilities | 45,975.00 | |
| Total current financial liabilities | 2,86,014.00 | |
| Other current liabilities | 4,731.00 | |
| 1 | Other current liabilities | 4,731.00 |
| Total of other current liabilities | 4,731.00 | |
| Provisions, current | 63.00 | |
| Current tax liabilities (Net) | ||
| Deferred government grants, Current | ||
| Total current liabilities | 2,90,808.00 | |
| 3 | Liabilities directly associated with assets in disposal group classified as held for sale | |
| 4 | Regulatory deferral account credit balances and related deferred tax liability | |
| Total liabilities | 2,90,808.00 | |
| Total equity and liabilites | 4,992.00 | |
| Disclosure of notes on assets and liabilities | ||
| Particulars | 3 months/ 6 month ended (dd-mm-yyyy) | Year to date figures for current period ended (dd-mm-yyyy) | |||||
|---|---|---|---|---|---|---|---|
| Date of start of reporting period | 01-01-2026 | 01-04-2025 | |||||
| Date of end of reporting period | 31-03-2026 | 31-03-2026 | |||||
| Whether results are audited or unaudited | Audited | Audited | |||||
| Nature of report standalone or consolidated | Standalone | Standalone | |||||
| 1 | Segment Revenue (Income) | ||||||
| (net sale/income from each segment should be disclosed) | |||||||
| Total Segment Revenue | |||||||
| Less: Inter segment revenue | |||||||
| Revenue from operations | |||||||
| 2 | Segment Result | ||||||
| Profit (+) / Loss (-) before tax and interest from each segment | |||||||
| Total Profit before tax | |||||||
| i. Finance cost | |||||||
| ii. Other Unallocable Expenditure net off Unallocable income | |||||||
| Profit before tax | |||||||
| 3 | (Segment Asset - Segment Liabilities) | ||||||
| Segment Asset | |||||||
| Total Segment Asset | |||||||
| Un-allocable Assets | null | null | |||||
| Net Segment Asset | null | null | |||||
| 4 | Segment Liabilities | ||||||
| Segment Liabilities | |||||||
| Total Segment Liabilities | |||||||
| Un-allocable Liabilities | null | null | |||||
| Net Segment Liabilities | null | null | |||||
| Disclosure of notes on segments | |||||||
| Particulars | 3 months/ 6 months ended (dd-mm-yyyy) | Year to date figures for current period ended (dd-mm-yyyy) | |
|---|---|---|---|
| A | Date of start of reporting period | 01-01-2026 | 01-04-2025 |
| B | Date of end of reporting period | 31-03-2026 | 31-03-2026 |
| C | Whether results are audited or unaudited | Audited | Audited |
| D | Nature of report standalone or consolidated | Standalone | Standalone |
| Other comprehensive income [Abstract] | |||
| 1 | Amount of items that will not be reclassified to profit and loss | ||
| Total Amount of items that will not be reclassified to profit and loss | |||
| 2 | Income tax relating to items that will not be reclassified to profit or loss | 0.00 | 0.00 |
| 3 | Amount of items that will be reclassified to profit and loss | ||
| Total Amount of items that will be reclassified to profit and loss | |||
| 4 | Income tax relating to items that will be reclassified to profit or loss | 0.00 | 0.00 |
| 5 | Total Other comprehensive income | 0.00 | 0.00 |
| Particulars | Year ended (dd-mm-yyyy) | |||||
|---|---|---|---|---|---|---|
| A | Date of start of reporting period | 01-04-2025 | ||||
| B | Date of end of reporting period | 31-03-2026 | ||||
| C | Whether results are audited or unaudited | Audited | ||||
| D | Nature of report standalone or consolidated | Standalone | ||||
| Statement of cash flows | ||||||
| Cash flows from used in operating activities | ||||||
| Profit before tax | (540.00) | |||||
| Adjustments for reconcile profit (loss) | ||||||
| Adjustments for finance costs | 0.00 | |||||
| Adjustments for decrease (increase) in inventories | 0.00 | |||||
| Adjustments for decrease (increase) in trade receivables, current | 190.00 | |||||
| Adjustments for decrease (increase) in trade receivables, non-current | 0.00 | |||||
| Adjustments for decrease (increase) in other current assets | 0.00 | |||||
| Adjustments for decrease (increase) in other non-current assets | 0.00 | |||||
| Adjustments for other financial assets, non-current | 0.00 | |||||
| Adjustments for other financial assets, current | 0.00 | |||||
| Adjustments for other bank balances | 0.00 | |||||
| Adjustments for increase (decrease) in trade payables, current | (50.00) | |||||
| Adjustments for increase (decrease) in trade payables, non-current | 0.00 | |||||
| Adjustments for increase (decrease) in other current liabilities | 0.00 | |||||
| Adjustments for increase (decrease) in other non-current liabilities | 0.00 | |||||
| Adjustments for depreciation and amortisation expense | 0.00 | |||||
| Adjustments for impairment loss reversal of impairment loss recognised in profit or loss | 0.00 | |||||
| Adjustments for provisions, current | 113.00 | |||||
| Adjustments for provisions, non-current | 0.00 | |||||
| Adjustments for other financial liabilities, current | 0.00 | |||||
| Adjustments for other financial liabilities, non-current | 0.00 | |||||
| Adjustments for unrealised foreign exchange losses gains | 0.00 | |||||
| Adjustments for dividend income | 0.00 | |||||
| Adjustments for interest income | (14.00) | |||||
| Adjustments for share-based payments | 0.00 | |||||
| Adjustments for fair value losses (gains) | 0.00 | |||||
| Adjustments for undistributed profits of associates | 0.00 | |||||
| Other adjustments for which cash effects are investing or financing cash flow | 0.00 | |||||
| Other adjustments to reconcile profit (loss) | 0.00 | |||||
| Other adjustments for non-cash items | 0.00 | |||||
| Share of profit and loss from partnership firm or association of persons or limited liability partnerships | 0.00 | |||||
| Total adjustments for reconcile profit (loss) | 267.00 | |||||
| Net cash flows from (used in) operations | (273.00) | |||||
| Dividends received | 0.00 | |||||
| Interest paid | 0.00 | |||||
| Interest received | (14.00) | |||||
| Income taxes paid (refund) | 2.00 | |||||
| Other inflows (outflows) of cash | 0.00 | |||||
| Net cash flows from (used in) operating activities | (289.00) | |||||
| Cash flows from used in investing activities | ||||||
| Cash flows from losing control of subsidiaries or other businesses | 0.00 | |||||
| Cash flows used in obtaining control of subsidiaries or other businesses | 0.00 | |||||
| Other cash receipts from sales of equity or debt instruments of other entities | 0.00 | |||||
| Other cash payments to acquire equity or debt instruments of other entities | 0.00 | |||||
| Other cash receipts from sales of interests in joint ventures | 0.00 | |||||
| Other cash payments to acquire interests in joint ventures | 0.00 | |||||
| Cash receipts from share of profits of partnership firm or association of persons or limited liability partnerships | 0.00 | |||||
| Cash payment for investment in partnership firm or association of persons or limited liability partnerships | 0.00 | |||||
| Proceeds from sales of property, plant and equipment | 0.00 | |||||
| Purchase of property, plant and equipment | 0.00 | |||||
| Proceeds from sales of investment property | 0.00 | |||||
| Purchase of investment property | 0.00 | |||||
| Proceeds from sales of intangible assets | 0.00 | |||||
| Purchase of intangible assets | 0.00 | |||||
| Proceeds from sales of intangible assets under development | 0.00 | |||||
| Purchase of intangible assets under development | 0.00 | |||||
| Proceeds from sales of goodwill | 0.00 | |||||
| Purchase of goodwill | 0.00 | |||||
| Proceeds from biological assets other than bearer plants | 0.00 | |||||
| Purchase of biological assets other than bearer plants | 0.00 | |||||
| Proceeds from government grants | 0.00 | |||||
| Proceeds from sales of other long-term assets | 0.00 | |||||
| Purchase of other long-term assets | 0.00 | |||||
| Cash advances and loans made to other parties | 0.00 | |||||
| Cash receipts from repayment of advances and loans made to other parties | 0.00 | |||||
| Cash payments for future contracts, forward contracts, option contracts and swap contracts | 0.00 | |||||
| Cash receipts from future contracts, forward contracts, option contracts and swap contracts | 0.00 | |||||
| Dividends received | 0.00 | |||||
| Interest received | 0.00 | |||||
| Income taxes paid (refund) | 0.00 | |||||
| Other inflows (outflows) of cash | 0.00 | |||||
| Net cash flows from (used in) investing activities | 0.00 | |||||
| Cash flows from used in financing activities | ||||||
| Proceeds from changes in ownership interests in subsidiaries | 0.00 | |||||
| Payments from changes in ownership interests in subsidiaries | 0.00 | |||||
| Proceeds from issuing shares | 0.00 | |||||
| Proceeds from issuing other equity instruments | 0.00 | |||||
| Payments to acquire or redeem entity's shares | 0.00 | |||||
| Payments of other equity instruments | 0.00 | |||||
| Proceeds from exercise of stock options | 0.00 | |||||
| Proceeds from issuing debentures notes bonds etc | 0.00 | |||||
| Proceeds from borrowings | 0.00 | |||||
| Repayments of borrowings | 0.00 | |||||
| Payments of lease liabilities | 0.00 | |||||
| Dividends paid | 0.00 | |||||
| Interest paid | 0.00 | |||||
| Income taxes paid (refund) | 0.00 | |||||
| Other inflows (outflows) of cash | 0.00 | |||||
| Net cash flows from (used in) financing activities | 0.00 | |||||
| Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes | (289.00) | |||||
| Effect of exchange rate changes on cash and cash equivalents | ||||||
| Effect of exchange rate changes on cash and cash equivalents | 0.00 | |||||
| Net increase (decrease) in cash and cash equivalents | (289.00) | |||||
| Cash and cash equivalents cash flow statement at beginning of period | 437.00 | |||||
| Cash and cash equivalents cash flow statement at end of period | 148.00 | |||||
| Whether results are audited or unaudited | Audited |
|---|---|
| Declaration of unmodified opinion or statement on impact of audit qualification | Statement on impact of audit qualification |
| Auditor's opinion | Qualified opinion |
| Declaration pursuant to Regulation 33 (3) (d) of SEBI (LODR) Regulation, 2015: The company declares that its Statutory Auditor/s have issued an Audit Report with unmodified opinion for the period on Standalone results |
| Sr No. | Audit firm's name | Whether the firm holds a valid peer review certificate issued by Peer Review Board of ICAI | Certificate valid upto | ||
| 1 | S C Ajmera and Co | Yes | 31-05-2028 | ||
|---|---|---|---|---|---|
| Sr. | Particulars | Audited Figures (as reported before adjusting for qualifications) | Adjusted Figures (audited figures after adjusting for qualifications) |
|---|---|---|---|
| 1 | Turnover / Total income | 15.00 | 15.00 |
| 2 | Total Expenditure | 555.00 | 45,838.00 |
| 3 | Net Profit/(Loss) | (541.00) | (45,824.00) |
| 4 | Earnings Per Share | -0.66 | -55.97 |
| 5 | Total Assets | 4,992.00 | 4,992.00 |
| 6 | Total Liabilities | 4,992.00 | 50,275.00 |
| 7 | Net Worth | 2,85,816.00 | 3,31,099.00 |
| Sr. | Details of Audit Qualification | Type of Audit Qualification | Frequency of qualification | For Audit Qualification(s) where the impact is quantified by the auditor | For Audit Qualification(s) where the impact is not quantified by the auditor | ||
|---|---|---|---|---|---|---|---|
| Management's Views | (i) Management's estimation on the impact of audit qualification | (ii) If management is unable to estimate the impact, reasons for the same | Auditors' Comments on (i) or (ii) above | ||||
| 1 | Textual Information(1) | Qualified opinion | Since how long continuing | Textual Information(2) | Textual Information(3) | Textual Information(4) | Textual Information(5) |
| 2 | Textual Information(6) | Qualified opinion | Since how long continuing | Textual Information(7) | Textual Information(8) | Textual Information(9) | Textual Information(10) |
| Textual Information(1) | As mentioned in Note 4 to the statement, provision of interest Nil p.a. on monthly compounding basis on Term Loan and simple interest in Cash Credit Limits and Cumulative Redeemable Preference Shares CRPS Rs.2,47,379 Term Loan Rs. 64,121 lakhs and Cash Credit Rs. 1,71,862 lakhs and CRPS Rs. 11,396 lakhs lakhs for the year ended from 1st April 2025 to 31st March 2026 as against the documented rate, resulting into lower provision of finance cost for the quarter and year ended 31st tMarch, 2026 by Rs. 11756 lakhs and Rs. 45283 lakhs respectively, which is not in compliance with Ind-AS -23 Borrowings Costs read with Ind AS-109 on Financial Instruments. Aggregate amount of Interest not provided for as at 31st March, 2026 is Rs.201433 lakhs. Had the interest been provided at the documented rate, finance cost, net profit/loss after tax for the period/year, total comprehensive income and EPS for the quarter and year ended 31st March, 2026 would have been Rs. 11756 lakhs and Rs. 45283 lakhs, Rs. (12016) lakhs and Rs. (45824) lakhs, Rs. (12016) lakhs an Rs. (45824) lakhs, and Rs. (14.68) and Rs. (55.97) respectively against the reported figure of Rs. NIL and Rs. NIL, Rs. (260) lakhs and Rs. (541) lakhs, Rs. (260) lakhs and Rs. (541) lakhs and (0.31) and (0.66) respectively in the above results. Further current financial liabilities-others and other equity as at 31st March, 2026 would have been Rs.91258 lakhs and Rs. (339286) lakhs respectively as against reported figure of Rs.45975 lakhs and Rs.(294003) lakhs respectively in the above results. |
|---|---|
| Textual Information(2) | Not Applicable |
| Textual Information(3) | Not Applicable |
| Textual Information(4) | In respect of Audit Qualification as referred in ll a ii above application filed by one of the operational creditors of JBF RAK LLC, a subsidiary of the Company,against the Company - This application stand dismissed as infructuous. hence no provision is required for above claim. Further, the operational creditor of JBF RAK LLC has filed its claim with RP, which also has been rejected by him and matter is subjudice. The company has shown this as Contingent Liability |
| Textual Information(5) | Refer Basis for Qualified Opinion in theIndependent Audit Report on the Standalone Financial Statements dated 19 May 2026 |
| Textual Information(6) | As mentioned in Note 9 to the statement regarding the application filed with the National Company Law Tribunal NCLT, by one of the operational creditors of JBF RAK LLC JBF RAK, situated at UAE, a subsidiary of the company, against the Company, for supply of raw materials to JBF RAK and claim of Rs. 12,848 Lakhs USD 19,899,091.53 as per notice dated 17 February, 2020. No provision has been considered for the above claim for the reasons stated therein. The matter described in above has uncertainties related to the outcome of the Resolution Plan proceedings and hence we are unable to quantify the provisions for above claim at this stage, if any, and its consequential impacts on the financial results of the Company. |
| Textual Information(7) | In respect of Audit Qualification as referred in ll a ii above application filed by one of the operational creditors of JBF RAK LLC, a subsidiary of the Company,against the Company - This application stand dismissed as infructuous. hence no provision is required for above claim. Further, the operational creditor of JBF RAK LLC has filed its claim with RP, which also has been rejected by him and matter is subjudice. The company has shown this as Contingent Liability |
| Textual Information(8) | In respect of Audit Qualification as referred in ll a ii above application filed by one of the operational creditors of JBF RAK LLC, a subsidiary of the Company,against the Company - This application stand dismissed as infructuous. hence no provision is required for above claim. Further, the operational creditor of JBF RAK LLC has filed its claim with RP, which also has been rejected by him and matter is subjudice. The company has shown this as Contingent Liability |
| Textual Information(9) | In respect of Audit Qualification as referred in ll a ii above application filed by one of the operational creditors of JBF RAK LLC, a subsidiary of the Company,against the Company - This application stand dismissed as infructuous. hence no provision is required for above claim. Further, the operational creditor of JBF RAK LLC has filed its claim with RP, which also has been rejected by him and matter is subjudice. The company has shown this as Contingent Liability |
| Textual Information(10) | Refer Basis for Qualified Opinion in theIndependent Audit Report on the Standalone Financial Statements dated 19 May 2026 |
| Name of CEO / Managing director | Mr Mukesh Verma |
|---|---|
| Name of CFO | NA |
| Name of audit committee chairman | NA |
| Name of statutory auditor | S C AJMERA AND CO |
| Name of other signatory, if any, with designation | NA |
| Place | MUMBAI |
| Date | 19-05-2026 |