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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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Jupiter Industries & Leasing reported nil revenue for Q2 FY26 and H1 FY26, posting a loss of Rs. 1.64 lakhs for the quarter and Rs. 2.85 lakhs for the half year. The company has a long-standing audit qualification — it has not provided for interest of Rs. 18,760.09 lakhs on an old bank loan (currently with Alchemist Asset Reconstruction Company), with Rs. 825.67 lakhs added this quarter alone. The auditor (N N K & Co.) flagged a 'Material Uncertainty Related to Going Concern', citing accumulated losses, eroded net worth (negative reserves of Rs. 318.29 lakhs) and insufficient cash from operations (cash used in operations: Rs. 5.53 lakhs in H1). If the audit qualification were adjusted, the loss would balloon to Rs. 18,762.95 lakhs and net worth would plunge to negative Rs. 18,978 lakhs.
Very negative signal for shareholders: there is no operating business, ongoing losses, completely eroded net worth, and a massive hidden contingent liability from decades-old debt. The auditor's going-concern warning means the company may not survive without fresh funding — this is a high-risk, essentially distressed scrip.