Audited Financial Results for the year ended 31st March 2025
Awaiting price reaction for this filing.
Jatalia Global Ventures Ltd, currently under Corporate Insolvency Resolution Process (CIRP) since March 2024, reported audited results for FY25. The company swung to a profit of Rs. 4,334.83 (in hundreds) from a loss of Rs. 19,734.02 in the previous year, driven mainly by other income of Rs. 9,802.85 and a sharp drop in total expenses to Rs. 5,468.01 from Rs. 26,016.07. Revenue from operations stood at Rs. 4,511.05 (entirely from foreign exchange differences), and EPS improved to Rs. 0.03 from a negative Rs. 0.13. The balance sheet still shows negative net worth of Rs. 2,00,365.43 with accumulated losses of Rs. 20,01,096.23. The auditor issued a Modified Opinion flagging non-provision of gratuity as a departure from accounting standards, and noted contingent liabilities from DVAT and GST matters.
The return to profit is largely driven by lower expenses and other income rather than core operations, while the negative net worth and ongoing CIRP continue to pose serious survival risks. Shareholders face uncertainty as the resolution plan approved by the CoC in November 2024 awaits NCLT approval, and the modified auditor opinion on gratuity provisions is a concern for governance.