Financial Results for Quarter Ended June 30, 2026

The company reported unaudited standalone financial results for Q1 FY27:

  • Revenue/Turnover: ₹ Nil for the quarter
  • Total Expenses: ₹5.00 lakh for the quarter (compared to ₹40.06 lakh in previous quarter and ₹7.09 lakh in year-ago quarter)
  • Profit/(Loss) Before Tax: (₹5.00) lakh loss for the quarter (compared to (₹40.06) lakh loss in previous quarter and ₹32.35 lakh profit in year-ago quarter)
  • Profit/(Loss) for the Period: (₹5.00) lakh net loss for the quarter (compared to (₹40.06) lakh net loss in previous quarter and ₹32.35 lakh net profit in year-ago quarter)
  • Paid-up Equity Share Capital: ₹46.26 lakh (face value ₹1 per share)
  • Paid-up Diluted Equity Share Capital: ₹50.66 lakh
  • Earnings Per Share (EPS):
  • Basic EPS: (₹0.11) for the quarter
  • Diluted EPS: (₹0.10) for the quarter

Key Operational Notes from Financial Statements

  • The company is mainly engaged in manufacturing plastic bottles, jars, and caps
  • During the period, turnover was nil
  • Company is not in possession of documents confirming Fixed Deposits Balance amounting to ₹2 lakhs as at June 30, 2026
  • No internal audit was conducted during the quarter
  • Previous quarter's figures have been regrouped/rearranged where necessary

Auditor Review and Adverse Opinion

Mahesh Yadav & Co., Chartered Accountants (Firm Registration No. 036520N), issued an adverse review conclusion on the financial results. The basis for adverse conclusion includes:

  • Rapid decline in turnover during previous years leading to current year losses
  • Company appears to have ceased operations
  • Management has not performed an assessment of the entity's ability to continue as a going concern
  • Management has not provided any plans for future actions regarding going concern assessment
  • Company has not prepared a cash flow forecast to evaluate management's plans
  • The auditor concluded there is "no realistic alternative to justify the management ability to continue as a going concern"

Auditor Appointment

The Board of Directors, based on the recommendation of the Audit Committee, approved and recommended:

  • Appointment of M/s. MRB & Associates, Chartered Accountants (Firm Registration No. 136306W)
  • As Statutory Auditors of the Company for a term of five consecutive years
  • To hold office from the conclusion of the 39th Annual General Meeting (2026) until the conclusion of the 44th Annual General Meeting (2031)
  • Subject to approval of shareholders of the Company
  • Date of appointment effective from August 5, 2026

Profile of New Auditors

MRB & Associates is described as a professionally managed firm offering comprehensive financial, taxation, compliance and advisory services, specializing in:

  • Direct and indirect taxation including tax planning, return filing, TDS and GST compliance
  • Audits and representation before authorities
  • Strategic financial advisory and Virtual CFO services
  • Budgeting, financial reporting, cash flow management, MIS development
  • Investor reporting and strengthening financial controls

Board Meeting Details

  • Meeting held: Wednesday, August 5, 2026
  • Commenced: 04:00 PM
  • Concluded: 08:00 PM
  • Location: Registered office at Plot No. 51, Roz Ka Meo Industrial Area, Sohna-122103, Gurgaon, Haryana, India

Additional Information

  • Corporate Office: 801-805, 8th Floor, Tower-2, Assotech Business Cresterra, Plot No.-22, Sector-135, Noida - 201301
  • Company website: www.jausspolymers.com