Unaudited Financial Results of Jatalia Global Ventures Limited- IN CIRP along with Limited Review Report.
Awaiting price reaction for this filing.
Jatalia Global Ventures Limited (JGVL) remains under Corporate Insolvency Resolution Process (CIRP) since the NCLT New Delhi Bench order dated 7 March 2024, and the results are signed by Resolution Professional Mohd Nazim Khan instead of company management. For Q1 FY26 (quarter ended 30 June 2025), the company reported NIL revenue from operations, with total income of just Rs. 1.33 lacs coming entirely from other operating income. Total expenses stood at Rs. 4.56 lacs, almost entirely driven by legal and professional charges of Rs. 4.42 lacs linked to the insolvency process. The company posted a net loss of Rs. 3.23 lacs for the quarter (EPS of Rs. -0.02), while reserves continued to be deeply negative at Rs. -1,716.16 lacs. The results were approved by the Committee of Creditors rather than the Board, and the Limited Review Report from Girotra & Co was a clean, unqualified review.
For shareholders, this is a distressed, non-operating company under insolvency where operational revenue has effectively ceased, reserves are deeply negative, and recovery depends entirely on the outcome of the CIRP resolution plan. The stock carries very high risk and equity holders are unlikely to see value unless a successful revival plan is approved by creditors.