Tijaria Polypipes Limited has informed the Exchange regarding Board meeting held on August 12, 2025. 1. Considered and approved Standalone Un-audited Financial Results for the Quarter ended on June 30, 2025 together with the Limited Review Report thereon
TIJARIA · price
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Tijaria Polypipes reported zero revenue from operations in Q1 FY26, with the only income being Rs. 2.14 lacs of other income. The company posted a net loss of Rs. 26.62 lacs, narrower than the Rs. 61.61 lacs loss in Q1 FY25. No production took place in either the Pipes or Textile segments during the quarter, and some plant and machinery has been given on rent to a related party firm (Vasa Industries). The company's equity is deeply negative at Rs. -3,276.86 lacs against total borrowings of around Rs. 7,740 lacs. Bank of India had declared the company a Non-Performing Asset back in 2022 on dues of Rs. 7,173 lacs, has seized bank accounts, and has been selling forfeited promoter shares. The auditor (Amit Ramakant & Co.) issued a Disclaimer of Opinion, flagging multiple going-concern risks including unrecovered receivables of Rs. 2,552 lacs, no tax provisioning, and uncertainty over reviving the closed textile division (gross assets Rs. 83.98 crores).
This is a deep going-concern situation — the company has no operating revenue, wiped-out negative equity, NPA-tagged bank loans, seized bank accounts, and an auditor who refused to give a clean opinion. For retail shareholders, this is effectively a distressed penny stock with no visible path to operational recovery; further share price erosion is highly likely.