Intimation for the approval of Unaudited financial results for the quarter ended 30th June, 2025.
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Awaiting price reaction for this filing.
Jauss Polymers reported NIL revenue from operations for Q1 FY26 (quarter ended June 30, 2025), with the company effectively having no active business after selling its plant and machinery back in FY21. Total income of ₹39.44 lakhs came entirely from a one-time gain on selling its investment in subsidiary Innovative Containers Pvt Ltd for ₹394.44 lakhs. After minimal expenses of ₹7.09 lakhs, the company posted a profit of ₹32.35 lakhs (EPS ₹0.70), reversing last year's Q1 loss of ₹12.08 lakhs, but this profit is purely non-operating and non-recurring. No internal audit was conducted, multiple bank accounts are unreconciled, fixed deposit documentation is missing, and trade payables and unsecured loans are subject to confirmation. The statutory auditor (Mahesh Yadav & Co.) issued an Adverse Conclusion stating material uncertainty on the company's ability to continue as a going concern, noting management did not even prepare a going concern assessment or cash flow forecast.
This is a very negative filing for shareholders. The core business is non-operational, the only profit came from liquidating a subsidiary investment, and the auditor has formally flagged the company as a going concern risk. The stock is likely to come under heavy pressure; investors should treat this as a high-risk, effectively shell-company situation.