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Jai Mata Glass Limited

7 articles

Jai Mata Glass Limited faces significant challenges as evidenced by a net loss of ₹2.76 lakh in the second quarter of fiscal year 2027, alongside a minimal uptake in a recent mandatory open offer. The open offer, intended to acquire 26% of the company's shares at ₹1.85 each, received only 1,084 shares out of the 2.6 crore offered, highlighting limited investor interest. This comes after the acquirers, Ashwani Gulati, Kiran Gulati, and Veerasha Trust, already secured a 44.57% stake, aiming for a controlling 70.57% ownership to revive the company’s operations, though risks remain regarding approvals and potential over-tendering.

Results

Jai Mata Glass Q2 Net Loss of ₹2.76 Lakh

Jai Mata Glass reports unaudited Q2 FY2027 standalone financial results with a net loss of ₹2.76 lakh and revenues of ₹9.03 lakh. The company's half-yearly performance shows a net loss of ₹9.01 lakh,

Results

Jai Mata Glass Q2 FY27 Net Loss of ₹2.76 Lakh

Jai Mata Glass reported a standalone unaudited net loss of ₹2.76 lakh for the quarter ended September 30, 2026. Total income for the quarter was ₹9.03 lakh, comprising ₹7.41 lakh from operations and ₹

Sector & Market

Jai Mata Glass Open Offer Results: 1084 Shares Tendered

Acquirers Ashwani Gulati, Kiran Gulati, and Veerasha Trust completed an open offer for 26% of Jai Mata Glass Limited shares at ₹1.85 per share. The offer received only 1,084 shares against the intende

Sector & Market

Jai Mata Glass Open Offer for 26% at ₹1.85/Share

Open offer by Ashwani Gulati, Kiran Gulati, and Veerasha Trust to acquire up to 2.6 crore shares (26%) of Jai Mata Glass Ltd at ₹1.85 per share. Independent Directors Committee recommends the offer pr