JBF Industries' auditor issued a qualified opinion on FY26 results due to non-provision of ₹45,283 lakhs interest expense and uncertainty over a ₹12,848 lakhs subsidiary claim.
The company reported zero revenue and a net loss of ₹541 lakhs for FY26, with auditors emphasizing it has ceased to be a going concern.
Key governance positions including CEO, CFO, and Company Secretary remain vacant, with no internal auditor appointed as required by law.
The Resolution Professional approved results following NCLT's January 2024 insolvency order, with one resolution plan remanded back to creditors.