With reference to to above email dated 30.05.2025 caption as Additional details required for Corporate Announcement filed under Reg 30 of SEBI (LODR) Reg, 2015 we wish to inform that, pursuant ....
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Jupiter Industries & Leasing Ltd reported zero revenue and a net loss of Rs. 8.15 lakhs for FY25 (vs Rs. 8.19 lakhs loss in FY24), with EPS of (0.82). The company has no active business, total assets of just Rs. 0.43 lakhs, and negative net worth of Rs. (215.44) lakhs. The statutory auditor issued a qualified opinion, flagging that the company has not provided for Rs. 17,168.85 lakhs of interest on a long-standing Canara Bank loan (since 1997-98); if adjusted, net worth would swing to (17,384.30) lakhs. The auditor also explicitly raised a 'Material Uncertainty Related to Going Concern' due to accumulated losses, eroded net worth, and insufficient operating cash flows. Separately, the Board accepted the resignation of Company Secretary Vinika Chouriya and reappointed Hemant D. Shah (83, promoter) as Managing Director for 5 years without any remuneration.
This is a near-dormant shell company with no operations, a deeply negative net worth, and a massive unprovided contingent liability (~Rs. 17,169 lakhs) tied to a decades-old bank debt that has been assigned multiple times. The auditor's qualified opinion and going-concern warning signal severe financial distress; the stock is high-risk and effectively uninvestable for most retail shareholders.