Jiya Eco-Products Ltd has informed BSE that the meeting of the Board of Directors of the Company is scheduled on 14/11/2025,inter alia, to consider and approve unaudited financial results ....
Awaiting price reaction for this filing.
Jiya Eco-Products, which is under Corporate Insolvency Resolution Process (CIRP) since April 2023, announced unaudited standalone and consolidated results for Q2 and H1 FY26 ended 30 September 2025. Revenue from operations stood at just Rs 10 lakh (vs Rs 0 a year ago), with a small Q2 profit of Rs 2.30 lakh but an H1 FY26 loss of Rs 5.84 lakh. Net worth is deeply negative at Rs (1,860.70) lakh (standalone) with total liabilities of Rs 4,235.94 lakh far exceeding total assets of Rs 2,375.24 lakh. The statutory auditor M/s Chandabhoy & Jassoobhoy issued a Disclaimer of Opinion, flagging seven serious issues including lack of supporting documents, no fixed asset register, unconfirmed trade receivables, unverified loans, and missing MSME creditor bifurcation. The company itself has stated that 'it is certain that the company may not be continued as a Going Concern'.
This is a deeply negative filing for shareholders. The combination of an ongoing CIRP, a disclaimer of opinion (the most severe audit qualification), explicit going concern doubt, negative net worth, and suspended operations since May 2021 signals extreme financial distress. Stock price is likely to face further pressure, and there is material risk of shareholder value erosion under the insolvency process.