Jhandewalas Foods Limited has announced its unaudited financial results for the half-year ended September 30, 2026. The Board of Directors approved these results on November 12, 2026. The company’s auditors have issued a qualified conclusion, highlighting several significant matters including defaults in repayment of dues, classification of accounts as Non-Performing Assets (NPA), properties not held under title deeds, and unspent Corporate Social Responsibility (CSR) amounts. These issues could impact the financial statements.
Unaudited Financial Results Declared
Jhandewalas Foods Limited has formally released its unaudited financial results for the half-year period concluding on September 30, 2026. The company’s Board of Directors gave their approval for these results during a meeting held on November 12, 2026. The statement includes the financial results and a limited review report, as required by listing regulations.
Auditor’s Qualified Conclusion
The Independent Auditors’ Limited Review Report, issued by Jain Chowdhary & Co., draws attention to several significant matters that have led to a qualified conclusion. These include:
- The company’s default in repaying dues to financial creditors, resulting in some accounts being classified as Non-Performing Assets (NPA). While settlement agreements are in place, further instalments are due, and the waiver of remaining dues is conditional on timely payments. The company has not made a provision for potential future interest liabilities.
- Title deeds for immovable properties aggregating Rs. 5.76 Crores are not in the company’s name, raising questions about legal ownership.
- An unspent Corporate Social Responsibility (CSR) amount of Rs. 5,61,651 for the year ended March 31, 2026, was not transferred as required by Section 135 of the Companies Act, 2013, with no provision made for potential penalties.
- Balances of loans, sundry debtors, loans and advances, and current liabilities are subject to confirmation and reconciliation, with the financial impact on the statement not being quantified.
Additionally, the company’s Income Tax portal is currently inaccessible due to restrictions from Corporate Insolvency Resolution Process (CIRP) proceedings, hindering independent verification of income tax compliance. During the period, the company also underwent CIRP proceedings, with various creditors submitting claims.
Source: BSE
