This is to inform that pursuant to Regulations 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 reported audited results for Q4 and FY ended March 2025, showing zero revenue and a small loss of Rs. 8.15 lakhs for the year, similar to the Rs. 8.19 lakhs loss in FY24. The company has no business activity, total assets of just Rs. 0.43 lakhs, and deeply negative net worth of Rs. (215.44) lakhs. The auditor issued a qualified opinion, flagging non-provision of interest of Rs. 17,168.85 lakhs on a decades-old Canara Bank loan (now with Alchemist Asset Reconstruction), and raised a material going concern doubt. If the qualification were adjusted, net worth would balloon to a negative Rs. 17,384.30 lakhs. The board accepted the resignation of Company Secretary Vinika Chouriya effective March 31, 2025, and appointed Hemant D. Shah as Managing Director for five years from May 29, 2025.
This is essentially a non-operating shell company whose survival depends on external funding. Shareholders face a deeply negative net worth and a contingent liability of over Rs. 17,000 lakhs that could surface at any time. Investors should treat this stock with extreme caution given the going concern doubt and the historical debt overhang.