JBF Industries Limited has informed the Exchange regarding ''. Machine reedable outcome of Resolution Professional Meeting dt 30.01.2026 for quarter results 31.12.2025
Awaiting price reaction for this filing.
JBF Industries, currently under Corporate Insolvency Resolution Process (CIRP admitted by NCLT on 25 January 2024), reported near-zero operations with revenue from operations at nil and total income of just Rs. 2 lakhs for Q3 FY26. The company posted a net loss of Rs. 160 lakhs for the quarter (EPS of negative Rs. 0.20) and Rs. 279 lakhs for the nine months ended December 2025. All manufacturing locations remain discontinued, and lenders (except Tamilnad Mercantile Bank) have assigned debts to CFM Asset Reconstruction, which sold them to Madelin Enterprises. The auditor issued a qualified opinion, flagging that interest on borrowings of Rs. 2,47,379 lakhs has been provided at 0% instead of the documented rate, understating finance cost by Rs. 11,605 lakhs for the quarter (Rs. 1,89,676 lakhs cumulative interest not provided). A resolution plan has been approved by the Committee of Creditors and the NCLT has reserved its order on its approval.
The company has explicitly ceased to be a going concern and operations remain fully shut, meaning shareholders face a high-risk, deeply distressed situation where equity value depends entirely on the pending NCLT approval of the resolution plan. Stock remains a speculative bet on CIRP outcome with significant downside if the plan is not approved.