Tijaria Polypipes Limited Q1 FY27 Loss of ₹36.11 Lacs

Net Loss for Q1 FY27: ₹36.11 lacs (Q4 FY26: ₹29.92 lacs loss; Q1 FY25: ₹26.62 lacs loss)
Total Income: ₹5.29 lacs (solely from Other Income; zero Revenue from Operations)
Total Expenses: ₹41.40 lacs (including Finance Cost: ₹14.40 lacs, Depreciation: ₹17.08 lacs)
Basic and Diluted EPS: -₹0.13
Paid-up Equity Share Capital: ₹2,862.66 lacs (face value ₹10 each)
Bank of India NPA Exposure: ₹71.73 crores (₹71.16 crores loan + ₹57 lacs bank guarantee)
Forfeited Shares Amount: ₹540.27 lacs (promoters/directors/relatives shares)
FD Forfeited in Q1 FY27: ₹66.54 lacs (credited against loan)
Outstanding Receivables and Advances: ₹2,515.59 lacs
Directors' Loans: ₹44 lacs (existing) + ₹500 lacs (additional for OTS deposited with bank)
Gross Tax Asset: ₹26.48 lacs
Land and Building Held for Sale: ₹29.82 lacs (Jaipur)
Textile Segment Gross Assets: ₹83.98 crores (Net Block: ₹12.04 crores after impairment)

Board Meeting Date: August 14, 2026 (3:00 PM - 4:00 PM)
Financial Results Period: Quarter ended June 30, 2026
NPA Declaration Date: June 30, 2022 (effective November 27, 2020)
NCLT Case Next Hearing: September 2, 2026 (Reference: CP No. (IB)-54/7/JPR/2023)
Document Submission Date: August 24, 2026
Auditor Report Date: August 14, 2026

Regulatory Bodies: BSE Limited, National Stock Exchange of India Limited, SEBI, National Company Law Tribunal (Jaipur Bench)
Banks: Bank of India (main lender)
Auditor: Pramod & Associates, Chartered Accountants (FRN 001557C)
Related Party: M/s Vasa Industries (Partnership Firm, plant and machinery rented to)

No production activity during the quarter
Textile segment closed for long time, pipe segment operational but no revenue
Bank accounts seized due to NPA status, all payments/receipts made through directors' personal accounts
No interest provision on NPA loans since July 1, 2022
No physical verification of fixed assets or inventory conducted
No balance confirmations received for bank balances, receivables, or payables
No provision for income tax or deferred tax recognized
Plant and machinery given on rent to related party Vasa Industries

No change in share capital (remains ₹2,862.66 lacs)
Bank of India forfeited promoter/director shares totaling ₹540.27 lacs
Bank sold 71,69,116 shares in FY24 (₹4.65 crores) and 14,17,858 shares in FY23 (₹76.33 lacs)
Directors provided additional ₹500 lacs loan for OTS proposal

Auditors issued disclaimer of conclusion due to: