Audited Financial Results for 31st March, 2026
Awaiting price reaction for this filing.
JBF Industries Ltd, under Corporate Insolvency Resolution Process (CIRP) since January 2024, reported minimal revenue of Rs. 15 lakhs for FY2026 as manufacturing operations have been completely discontinued. The company posted a net loss of Rs. 541 lakhs as reported, but this balloons to Rs. 45,824 lakhs when adjusting for the auditors' qualification on interest provisioning. The auditors qualified their opinion because the company provided interest at 0% on borrowings of Rs. 2,47,379 lakhs instead of documented rates, understating finance costs by Rs. 45,283 lakhs. Total unaudited interest liability not provided stands at Rs. 2,01,433 lakhs. The balance sheet shows deeply negative equity of Rs. 2,858.16 crore, with total liabilities of Rs. 502.75 crore adjusted. The company has no CEO, CFO, or Company Secretary, and could not provide Axis Bank statements for audit verification.
Shareholders face extreme risk as the company has ceased to be a going concern, operations are shut down, and equity is deeply negative at Rs. 2,858 crore. The stock is essentially worthless with no revenue-generating business and massive unaccounted liabilities.