This is to inform that pursuant to Regulation 30 and 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulation 2015, the Board of Directors of the Company at its meeting held ....
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Jupiter Industries & Leasing Ltd reported zero revenue and a net loss of Rs. 1.21 lakhs for Q1 FY26, with no business activity in the current or previous financial year. The statutory auditor (N N K & Co.) issued a modified limited review report with a qualification: the company has not provided interest on an old bank loan totalling Rs. 17,946.97 lakhs (including Rs. 790.66 lakhs for the quarter), originally linked to Canara Bank and now allegedly assigned through multiple parties. The auditor also explicitly flagged material uncertainty on going concern due to accumulated losses, fully eroded net worth (reserves are nil), and insufficient cash flows from operations. Total expenditure for the quarter was just Rs. 1.21 lakhs against equity capital of Rs. 100 lakhs, with EPS of (Rs. 0.12).
This is a non-operating shell company facing an existential crisis — a contingent liability of ~Rs. 17,948 lakhs is nearly 180x its equity base, net worth is fully eroded, and auditors have raised going concern doubts. Shareholders face severe risk of value erosion with no operating business to support recovery.