business: 1. The Audited Financial Results of the Company for the quarter and year ended 31st March, 2025 including Statement of Assets and Liabilities and Cash Flow as at 31st March, ....
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Awaiting price reaction for this filing.
Jauss Polymers' board approved audited financial results for the quarter and year ended March 31, 2025. The company's core operations appear to have shut down, with revenue from operations at NIL and only Rs 13.45 lakh in other income (from balance write-off). Standalone net loss narrowed to Rs 8.64 lakh from Rs 56.04 lakh in the prior year, while consolidated net loss stood at Rs 38.49 lakh. Total assets are Rs 866.20 lakh (standalone) with net worth of Rs 839.82 lakh. The statutory auditor issued an Adverse Opinion on both standalone and consolidated results, flagging that management has not performed a going concern assessment, has no future action plans, and has not prepared cash flow forecasts. The auditor noted the company had written off all assets in FY24 and diluted plant & machinery in FY21, indicating operations have ceased.
This is a highly negative filing — an adverse audit opinion with going concern uncertainty signals serious operational and financial distress. Shareholders should note the company is essentially non-operational, relying on a hopeful subsidiary (Innovative Container Services) story, and the auditor's opinion could further damage already-thin investor confidence in the stock.