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 its meeting ....
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Jupiter Industries & Leasing Ltd's board, which met on May 29, 2025, approved the audited financial results for Q4 and FY ended March 31, 2025. The company reported zero revenue and a net loss of Rs. 8.15 lakhs for the year, with negative reserves of Rs. 315.44 lakhs and total assets of just Rs. 0.43 lakhs. The statutory auditor issued a qualified opinion, flagging that the company has not provided for interest of Rs. 17,168.85 lakhs on a long-standing bank loan tied to a 2002 Mumbai DRT order; this qualification has appeared every year since 1997-98. If interest were provided for, the adjusted net loss would balloon to Rs. 17,177.01 lakhs and EPS would swing to Rs. (1,717.70). The auditor also highlighted a material going-concern uncertainty given losses, eroded net worth, and weak cash flows. The board accepted the resignation of Ms. Vinika Chouriya as Company Secretary and Compliance Officer (effective March 31, 2025) and appointed Mr. Hemant D. Shah as Managing Director for a five-year term ending May 28, 2030.
This is a near-dormant, distressed company with no operating income, deeply negative net worth, and a massive contingent liability from decades-old debt that has been reassigned multiple times. Shareholders should view this as a high-risk situation with very limited operating visibility; the qualified audit and going-concern flag reinforce governance and solvency concerns that could weigh on any residual value of the stock.