Tijaria Polypipes Q2 FY26: Auditor disclaims conclusion, zero revenue, loss widens

Going-concern doubtEmphasis of matterNet loss reportedRevenue declinedRelated-party transactionsDebt to equity above the thresholdResults View source PDF Explain this filing

TIJARIA · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close

-3.0%Reaction day

₹6.30

prior close

₹6.10

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-0.1%-2.9% vs market

Plastic Products - Industrial peers, median of 40sector-0.5%-2.5% vs sector

On the reaction day the stock moved 2.9 pts less than Nifty Microcap 250 and 2.5 pts less than its Plastic Products - Industrial peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

+2.8

10m

+2.8

15m

+2.8

30m

+0.8

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-3.0-0.1-2.9-0.5-2.5

Next day

-2.4-0.2-2.2-0.7-1.7

+1.0+0.4+0.5-1.4+2.3

+1.0-0.4+1.4-3.4+4.3

+0.8-0.6+1.4-3.1+3.9

+1.4-0.9+2.3-2.8+4.2

+9.5-3.0+12.5-3.1+12.6

15d

-1.6-3.9+2.3-7.2+5.6

-8.7-4.8-3.9-7.5-1.2

-35.7-7.8-27.9-10.0-25.7

-7.1-7.2+0.1-7.0-0.1

UpDownMarket · Nifty Microcap 250Sector · Plastic Products - Industrial peers, median of 40Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Company posted zero revenue from operations for Q2 and H1 FY26, with only Rs 10.06 lacs other income in the quarter. Net loss of Rs 39.60 lacs (Q2) and Rs 66.22 lacs (H1). Auditor issued a Disclaimer of Conclusion citing NPA status with Bank of India, ongoing NCLT insolvency proceedings, seized bank accounts, negative equity of Rs 33.16 crores, and inability to verify receivables. No production this quarter; textile segment shut. Next NCLT hearing December 1, 2025.

Likely market impact

Severe distress: zero revenue, insolvency proceedings, auditor disclaimed, negative equity. High risk for shareholders.