1. Un-audited Standalone Financial Results of the Company for the Quarter and half year ended September 30, 2025 along with the Statement of Assets and Liabilities and Cash flow Statement; 2. ....
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Awaiting price reaction for this filing.
Jauss Polymers Ltd reported un-audited standalone results for Q2 and H1 FY26 ended September 30, 2025. Revenue from operations is NIL across all reported periods, with the company's manufacturing operations effectively shut down (plant and machinery were sold back in FY21). The only income for H1 FY26 was a one-time Rs. 39.44 lakh gain from selling its investment in subsidiary Innovative Containers Pvt Ltd for Rs. 394.44 lakhs (original cost Rs. 355 lakhs). Net result was a loss of Rs. 3.74 lakhs in Q2 FY26, while H1 FY26 showed a paper profit of Rs. 28.61 lakhs entirely from this asset sale. Operating cash flow was negative Rs. 25.06 lakhs for H1 FY26. The auditor Mahesh Yadav & Co. issued an Adverse Conclusion, flagging that management never performed a going concern assessment, prepared no cash flow forecast, and that the sale of the subsidiary investment itself indicates the company cannot continue as a going concern. Bank balances of Rs. 375.70 lakhs are unreconciled due to missing bank statements, no internal audit was conducted, and several balances remain unconfirmed.
This is a severe red-flag filing for shareholders. The auditor's adverse opinion on going concern, combined with zero operating revenue, wound-down operations, and unreconciled bank balances, signals the company may not be viable as an ongoing business. The reported profit is entirely non-recurring (asset sale), so the underlying business is loss-making. Expect sharp negative market reaction and heightened solvency risk perception.