Audited Financial Results for the financial year ended 31st March, 2025
Awaiting price reaction for this filing.
Jatalia Global Ventures has filed its audited FY25 results while the company remains under the Corporate Insolvency Resolution Process (CIRP), which was initiated by NCLT on 7 March 2024 on a petition by financial creditor Indian Securities P. Ltd. A Resolution Plan has been approved by the CoC on 11 November 2024 and is now pending NCLT approval. Revenue from operations stood at about Rs. 4.5 lakh, with other income of Rs. 9.8 lakh taking total income to roughly Rs. 9.8 lakh, up from about Rs. 6.3 lakh last year. The company swung to a small profit of about Rs. 4.3 lakh in FY25 from a loss of Rs. 19.7 lakh in FY24, but net worth remains deeply negative at around Rs. 20 lakh and accumulated losses are over Rs. 3.3 crore. Contingent liabilities include a fresh GST order passed during CIRP and old DVAT demands of about Rs. 11.2 lakh.
For shareholders, this is essentially a status update from a non-operating, insolvency-bound shell company; a small accounting profit does not change the fundamental situation. The stock remains under Resolution Professional control and the actual outcome for equity holders will depend on the NCLT-approved resolution plan, which typically extinguishes or heavily dilutes existing equity. Expect continued price volatility and very high risk.