Board Meeting Outcome for Audited Financial result as on 31st March,2026
Awaiting price reaction for this filing.
Jiya Eco-Products Ltd reported audited financial results for FY2026 with zero revenue from operations. The company posted a net profit of Rs 1,474.03 lakhs compared to a loss of Rs 104.05 lakhs in FY2025. However, this profit is primarily due to exceptional items of Rs 1,521.28 lakhs, which includes derecognition of financial liabilities (Rs 2,539.22 lakhs) and provisions (Rs 1,170.74 lakhs) as part of its NCLT-approved Resolution Plan implemented from December 11, 2024. The Resolution Plan resulted in significant balance sheet restructuring: share capital was consolidated and reduced, borrowings fell sharply, and total assets reduced from Rs 2,368.43 lakhs to Rs 166.97 lakhs. EPS improved to Rs 13.87 per share. Statutory auditors issued an unmodified opinion. The company appointed new internal auditors and has only one reportable segment (plastic trading).
The massive profit is driven by one-time debt extinguishment gains from the Resolution Plan, not operational performance. With zero revenue and negative operating cash flow of Rs 27.56 lakhs, investors should focus on the company's ability to restart operations and generate sustainable revenue rather than the headline profit number.