Jatalia Global Ventures Limited appointed three new directors to its board on July 9, 2026. The appointments mark a key step in implementing the resolution plan approved by the National Company Law Tribunal (NCLT).

The Hon'ble NCLT, New Delhi Bench II, approved the resolution plan submitted by Norfolk Technology Services Limited on July 9, 2026. The company previously disclosed this approval on the BSE portal on July 15, 2026.

Director Appointments

Pursuant to the approved resolution plan, the following individuals were appointed as directors effective July 9, 2026:

• Ms. Honey Baljit Singh
• Ms. Upveen Harpal
• Mr. Baljit Singh

The company filed Form DIR-12 with the Registrar of Companies on September 5, 2026, carrying SRN number AC5840584. This filing formalizes the appointments in accordance with the Companies Act, 2013.

Regulatory Compliance

Jatalia Global Ventures Limited made this disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The intimation was issued within 24 hours of the appointment filing, as required by listing norms.

Mohd Nazim Khan, the Resolution Professional for Jatalia Global Ventures Limited, signed the communication. He is registered with the Insolvency and Bankruptcy Board of India (IBBI) under registration number IBBI/IPA-002/IP-N00076/2017-18/10207.

What the Numbers Show

The simultaneous appointment of three promoters linked to Norfolk Technology Services Limited indicates a consolidated governance structure. All three appointees hold directorships in Norfolk Technology Services Limited and VSE Stock Services Limited, suggesting coordinated oversight across the resolution applicant's portfolio.

Jatalia Global Ventures Limited reported a net loss of ₹14.40 lakh for the financial year ended March 31, 2026, a reversal from the net profit of ₹4.33 lakh recorded in the previous year. The company, which is currently under the Corporate Insolvency Resolution Process (CIRP) initiated by an order dated March 7, 2024, from the NCLT New Delhi Bench, saw its total income from operations decline to ₹8.46 lakh in FY26 from ₹9.80 lakh in FY25. Total expenses for the period surged to ₹22.85 lakh, up from ₹5.43 lakh in the prior year, primarily driven by a sharp increase in legal and professional charges, which amounted to ₹17.42 lakh compared to ₹0.70 lakh in FY25.

Financial Performance

The company's financial results for the year ended March 31, 2026, reflect a deterioration in operational performance. The loss from operations before finance costs and exceptional items widened to ₹14.39 lakh from a profit of ₹4.37 lakh in the previous year. Basic earnings per share (EPS) for the year stood at (0.10), a decline from an EPS of 0.03 in FY25. The paid-up equity share capital remained unchanged at ₹1,497.56 lakh, while reserves excluding revaluation reserves stood at a negative ₹1,727.33 lakh.

Assets and Liabilities

As of March 31, 2026, the company's total assets stood at ₹351.73 lakh, a decrease from ₹441.53 lakh in the previous year. Non-current assets, primarily consisting of investments, reduced to ₹130.17 lakh from ₹216.37 lakh. Current assets also declined to ₹221.56 lakh from ₹225.15 lakh, with cash and cash equivalents dropping to ₹0.56 lakh from ₹4.56 lakh. On the liabilities side, total equity was recorded at a negative ₹214.76 lakh, widening from the negative ₹200.37 lakh in the prior year. Total current liabilities decreased to ₹566.50 lakh from ₹641.89 lakh.

Cash Flow Statement

The company's cash flow from operating activities resulted in a net outflow of ₹90.20 lakh for FY26, compared to an inflow of ₹204.46 lakh in the previous year. Cash from investing activities showed an inflow of ₹86.20 lakh, driven by proceeds from the sale of investments, against an outflow of ₹200.00 lakh in FY25. Consequently, the net decrease in cash and cash equivalents was ₹4.00 lakh, resulting in a closing balance of ₹0.56 lakh.

Auditor's Report

The audited financial results were reviewed by the Committee of Creditors and prepared in accordance with Indian Accounting Standards (Ind AS). Girotra & Co., Chartered Accountants, issued an unmodified opinion on the standalone financial statements. The auditor also reported that the company has adequate internal financial controls over financial reporting that were operating effectively as of March 31, 2026. The report noted that the company is not having any fixed assets and has regularized undisputed statutory dues except for income tax for the assessment year 2018-2019.