Dear Sir, This is to inform that pursuant to Regulation 30 and 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the Board of Directors of the Company at ....
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Jupiter Industries & Leasing Ltd reported audited financial results for the quarter and year ended 31st March 2026. The company posted a net loss of Rs. 7.92 lakhs for the year (vs Rs. 8.15 lakhs in FY25), with EPS of Rs. -0.79. The auditors issued a qualified opinion because the company has not provided interest of Rs. 20,497.77 lakhs on outstanding bank loans per a DRT order dating back to 2002. The auditors also highlighted a material uncertainty regarding the company's ability to continue as a going concern due to accumulated losses, erosion of net worth (negative equity of Rs. 223.36 lakhs), and insufficient cash flows. The company explicitly states it has no business activity in the current or previous financial year. The contingent liability towards these debts stands at Rs. 20,497.77 lakhs.
This is a highly distressed company with negative equity, no operating business, and a qualified audit opinion with going concern doubts. The stock carries extreme risk due to accumulated losses, massive unprovided liabilities, and reliance on related party loans for survival.