Outcome of Board Meeting pursuant to Regulation 30 and 33 of SEBI ('Listing Obligations and Disclosure Requirements') Regulations, 2015 as amended ('SEBI Listing Regulations') for the Quarter ....
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Jagjanani Textiles reported zero revenue from operations for both Q4 FY25 and the full financial year FY25. Total income collapsed to ₹9.65 lakhs in FY25 from ₹399.68 lakhs in FY24, a sharp drop of roughly 98%. The company swung from a profit after tax of ₹383.77 lakhs in FY24 to a loss of ₹13.65 lakhs in FY25, with EPS at ₹(0.088) versus ₹2.460. Most critically, total equity turned negative at ₹(5.77) lakhs because accumulated losses of ₹1,565.77 lakhs have wiped out the ₹1,560 lakh share capital. The statutory auditor (M/s Rajeshkumar P. Shah & Co) nonetheless issued an unmodified (clean) audit opinion on the results.
Negative net worth combined with no operating revenue and continued losses raises serious going concern worries for shareholders. The stock is likely to remain weak, and investors should treat this as a high-risk micro-cap with essentially dormant operations.