Pursuant to Regulation 30 and other applicable Regulations of SEB! (LODR) Regulations, 2015, this is to inform you that the Board of Directors of the Company at its meeting held on Monday, ....
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Jhandewalas Foods Limited held a board meeting on May 18, 2026, approving standalone unaudited and audited financial results for FY 2025-26. The auditors issued a qualified opinion due to the company's decision not to provision for interest on NPA accounts from Axis Bank and Acme Resources, with legal recovery suits pending at DRT Jaipur. The auditors raised emphasis of matters including Rs. 5.76 crore of immovable assets lacking proper title deeds (held in name of director and relatives), and the company being under Corporate Insolvency Resolution Process (CIRP) admitted by NCLT, though a stay has been granted by NCLAT. Key audit matters included related party transactions, inventory valuation, and the company operating in cattle feed and oil products business not covered under its MOA objects clause. The board also noted the resignation of Independent Director Mr. Rajat Kasliwal effective May 18, 2026, and re-constituted various board committees.
This filing reveals significant governance and financial distress concerns including an ongoing CIRP process, asset ownership issues with title deeds not in company name, loan defaults exceeding Rs. 6.21 crore to Axis Bank and ACME Resources, and an independent director resignation. Shareholders should be cautious as material uncertainties exist regarding the company's going concern status and the outcome of insolvency proceedings.