Submission of reason for delay in filing
Awaiting price reaction for this filing.
Jatalia Global Ventures Ltd has explained the delay in submitting its audited financial results for the quarter and year ended March 31, 2025 to BSE. The company is currently undergoing the Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code, 2016, which commenced on March 7, 2024, with Mohd Nazim Khan appointed as Resolution Professional. Because the Board of Directors is suspended under Section 17 of the IBC, no board meeting was held; instead, the 20th Committee of Creditors meeting on August 13, 2025 approved the results. The actual results were filed on the BSE portal on September 26, 2025. The further delay beyond the CoC approval is attributed to late receipt of signed audit statements from the statutory auditor based in Chandigarh.
This is purely a procedural/explanatory filing and not a fresh results announcement — shareholders should refer to the September 26, 2025 submission for the actual financials. The ongoing CIRP status confirms the company remains in serious financial distress under resolution, and the equity continues to carry significant insolvency risk pending a resolution plan.