Board Meeting Details

The Board of Directors meeting was held on Tuesday, July 28, 2026, commencing at 04:00 PM and concluding at 04:40 PM. The board approved and took on record the Un-audited Financial Results (Standalone and Consolidated) for the quarter ended June 30, 2026.

Financial Results (Standalone - Quarter ended June 30, 2026)

Income Statement Highlights (₹ in lakhs):

  • Revenue from operations: ₹2,124.47
  • Other Income: Not specified for current quarter (₹0.01 in previous quarter)
  • Total Income: ₹2,124.47

Expenses Breakdown (₹ in lakhs):

  • Cost of Material Consumed: ₹1,574.24
  • Change in inventories: ₹143.09
  • Employee benefit expense: ₹14.12
  • Finance cost: ₹91.30
  • Depreciation and amortization expense: ₹397.62
  • Other Expenditure: ₹146.71
  • Total expenses: ₹2,367.08

Profit/Loss Metrics:

  • Loss from operations before tax: ₹(242.60)
  • Tax expense: ₹24.56 (Deferred Tax)
  • Net Loss after tax: ₹(267.16)
  • Basic and Diluted EPS: ₹(2.54) per share (face value ₹10 each)

Comprehensive Income:

  • Other Comprehensive Income: ₹69.94
  • Total Comprehensive Loss for the quarter: ₹(197.22)

Capital Structure

  • Paid Up Equity Share Capital: ₹1,052.63 lakhs (Face Value of ₹10/- each)

Comparative Financial Performance

Quarter-ended Comparative (₹ in lakhs):

| Metric | 30.06.2026 | 31.03.2026 | 30.06.2025 |

| Revenue | 2,124.47 | 1,524.08 | 0.00 |

| Net Profit/(Loss) | (267.16) | 169.70 | (296.72) |

| EPS (₹) | (2.54) | 1.21 | (1.89) |

Key Notes from Financial Statements

1. Asset Revaluation Impact

The Parent Company's fixed assets were revalued in March 2026. The depreciation expense for Q1 FY27 amounted to ₹397.62 lakhs, comprising:

  • ₹277.90 lakhs attributable to the revalued portion
  • ₹119.72 lakhs attributable to the historical cost

Excluding the additional depreciation of ₹277.90 lakhs from revaluation, the Profit After Tax would have been ₹10.74 lakhs instead of a loss of ₹(267.17) lakhs.

2. Subsidiary and Associate Information

The financial results of certain subsidiary(ies) and associate(s) for the quarter were not available as of the approval date. The Consolidated Financial Results have been prepared without incorporating this information, and the impact is not ascertainable.

3. Historical Comparatives

Figures for previous periods have been re-grouped/rearranged/restated wherever necessary to make them comparable.

Auditor's Emphasis of Matter

R Bansal & Co., Chartered Accountants, included three emphasis matters in their review report:

a) Recovery of Financial Assets

Certain financial assets (trade receivables, debtors, securities) outstanding during the Insolvency Resolution Proceedings remain unrecovered. Management is actively following up for recovery during FY26-27. If balances remain unrecovered, appropriate adjustments, write-offs or provisions will be made. Ultimate realization depends on successful recovery efforts.

b) Taxation Notices and NCLT Immunity

The Company has received various notices from Taxation Authorities pertaining to periods prior to the NCLT order approving the Resolution Plan. Management believes these notices fall within the immunity granted under the NCLT order. During CIRP (completed December 8, 2025), the Resolution Professional invoked moratorium under Section 14 of IBC, 2016. The outcome and financial impact are not presently ascertainable.

c) Long-Standing Investments (₹1,186.17 Lakhs)

Investments in equity shares of:

  • Ace Matrix Solutions Limited
  • Kay Exim Private Limited
  • MetalRod Private Limited

Due to disruption during CIRP, management has been unable to obtain latest audited financial statements or confirmations from investee companies. Investments are carried at existing book values. Management is re-establishing communication and will take recovery actions during FY26-27. If unable to recover, provisions for diminution/impairment/write-off will be considered. Impact on carrying value is not ascertainable.

Auditor's Conclusion

Based on their review, nothing has come to their attention that causes them to believe that the financial results contain any material misstatement or have not disclosed required information under SEBI Listing Regulations.

Availability of Results

The results are available for investors at www.jtldefence.com and www.bseindia.com

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