Audited Financial results for the Quarter and Year ended on 31st March 2026
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Jauss Polymers Ltd has received an adverse opinion from its statutory auditor Mahesh Yadav & Co. for FY2026. The company reported NIL turnover during the year, with total expenses of Rs. 502.52 lakhs resulting in a net loss of Rs. 463.08 lakhs. The only income was Rs. 39.44 lakhs profit from selling its subsidiary (Innovative Containers Pvt Ltd) for Rs. 394.44 lakhs. The auditors found that the company has ceased to operate given the rapid decline in turnover and significant losses. Management has not performed any going concern assessment, failed to prepare cash flow forecasts, and provided no plans for future actions. Additionally, the company wrote off Rs. 469.09 lakhs in old receivables from Innovative that were unrecoverable. Total assets declined sharply from Rs. 866.20 lakhs to Rs. 377.18 lakhs.
This is a highly negative development. The adverse audit opinion combined with going concern doubts and zero operating revenue signals severe financial distress. Shareholders should be aware that the auditors explicitly question whether the company can continue as a going concern, and the new promoters have provided no concrete revival plan.