Appointment of M/s Nayan Dedhia and Associates as an Internal Auditor of the company for the Financial Year 2026-27
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Jauss Polymers Ltd's Board meeting on May 26, 2026 approved audited financial results for FY 2025-26 with a statutory auditor adverse opinion. The company reported NIL turnover for the year as it has ceased operations. The company sold its subsidiary (Innovative Containers Pvt Ltd) for Rs. 394.44 lakhs, booking a profit of Rs. 39.44 lakhs. Net loss for the year is Rs. 463.08 lakhs. The auditor raised material uncertainty about going concern as management failed to assess or provide plans for continuity, and also flagged Rs. 469.09 lakhs in unconfirmed receivables that were written off. The Board also appointed M/s Nayan Dedhia & Associates as Internal Auditor for FY 2026-27.
This is a highly concerning filing. The adverse opinion, going concern doubts, and ceased operations indicate severe financial distress. The appointment of an internal auditor may signal a need for stronger internal controls amid governance issues. Shareholders should exercise extreme caution.