we would like to inform you that the financial results for the period ended March 31, 2025, were already submitted in machine-readable/legible format on May 15, 2025.However, pursuant to the email received from NSE on May 27, 2025, we are resubmitting the said financial results once again in the required format for your kind consideration and records.
TIJARIA · price
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Awaiting price reaction for this filing.
Tijaria Polypipes has resubmitted its audited FY25 results to NSE in the required format after the original May 15 filing. The company reported a net loss of Rs 543.01 Lacs for FY25, almost double the Rs 291.64 Lacs loss in FY24, with total income falling to Rs 29.78 Lacs from Rs 33.74 Lacs. The auditor issued a 'Disclaimer of Opinion' — they could not express any opinion — citing severe issues including a Bank of India NPA on Rs 71.73 Crores of loans, negative net worth of Rs 32.50 Crores, no production during Q4, Rs 23.32 Crores of unconfirmed receivables, and a Rs 3.12 Crores impairment loss on plant & machinery. A one-time settlement (OTS) with the bank is being attempted using fresh Rs 5 Crore loans from directors.
This is a financially distressed company with negative shareholders' equity, NPA bank status, no active production, and an auditor who refused to give any opinion — clear going-concern risk. The stock is likely to face continued selling pressure, and recovery prospects depend heavily on the success of the bank OTS and revival of the pipe and textile divisions.