Tijaria Polypipes Limited has submitted to the Exchange, the financial results for the period ended March 31, 2026.
TIJARIA · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Tijaria Polypipes Limited reported severe financial distress for FY2026 with total income of just Rs. 22.29 Lacs against expenditure of Rs. 151.06 Lacs, resulting in a net loss of Rs. 128.72 Lacs. The company has negative net worth of Rs. 3,378.97 Lacs, indicating negative shareholders' equity. The auditors from Amit Ramakant & Co. issued a Disclaimer of Opinion citing multiple material uncertainties including: Bank of India declaring the company's accounts as NPA with outstanding loans of Rs. 71.73 Crores; an NCLT case filed against the company; unreconciled receivables/advances of Rs. 2,517 Lacs; directors making payments from personal accounts in violation of Income Tax Act; and no production during the quarter. The company also has total debt default of Rs. 54.56 Crores and is in ongoing negotiations for a One-Time Settlement with Bank of India.
This is an extremely negative development. The disclaimer of audit opinion, negative net worth, and ongoing NCLT proceedings indicate serious going concern risks. Shareholders face potential total loss of investment as the company's liabilities far exceed assets. The stock should be treated as high-risk with potential delisting or insolvency proceedings.