Jatalia Global Ventures Limited reported a net loss of ₹11.66 lakh for the quarter ended June 30, 2026, widening significantly from a loss of ₹3.23 lakh in the corresponding quarter of FY25. The company, currently undergoing Corporate Insolvency Resolution Process (CIRP), generated negligible operating income while legal and professional expenses surged.

The unaudited financial results were approved by the Monitoring Committee at its first meeting on August 27, 2026. Pursuant to Section 17 of the Insolvency and Bankruptcy Code, 2016, the powers of the Board of Directors remain suspended, with management exercised by the interim resolution professional. The National Company Law Tribunal (NCLT) New Delhi Bench approved the resolution plan submitted by Norfolk Technology Services Limited on July 9, 2026.

Financial Performance

Total income from operations stood at ₹2.34 lakh, comprising entirely of other operating income, as net sales remained at zero. This represents a modest increase from ₹1.33 lakh in Q1FY26 but a slight decline from ₹2.56 lakh in the preceding quarter (Q4FY26).

Expenses totaled ₹14.00 lakh, driven primarily by legal and professional charges which jumped to ₹14.00 lakh from ₹4.42 lakh in the same quarter last year. Other expenses were nil, compared to ₹0.14 lakh in Q1FY26. Finance costs remained negligible at zero for the quarter.

What the Numbers Show

Legal and professional charges accounted for 100% of the company’s total expenses in Q1FY27, highlighting that the cost structure is currently dominated by insolvency-related compliance rather than operational overheads. With zero revenue from core operations, the entire financial position is dictated by these statutory costs, resulting in a complete erosion of the minimal other operating income generated.

Balance Sheet Position

As on June 30, 2026, the paid-up equity share capital remained unchanged at ₹1,497.56 lakh. Reserves and surplus showed a negative balance of ₹1,738.99 lakh, deteriorating from ₹1,727.33 lakh at the end of FY26 due to the current quarter’s losses. The earnings per share (basic and diluted) stood at (₹0.08) per share, reflecting the continued accumulation of losses during the plan implementation phase.

Jatalia Global Ventures Limited appointed three new directors to its board on July 9, 2026. This action follows the National Company Law Tribunal’s approval of the resolution plan submitted by Norfolk Technology Services Limited.

The Hon'ble NCLT, New Delhi Bench II, approved the plan on July 9, 2026. The company previously disclosed this approval on the BSE portal on July 15, 2026. Mr. Mohd Nazim Khan was appointed as Chairman of the Monitoring Committee.

Implementation Timeline

The Monitoring Committee was constituted on July 16, 2026. Subsequently, the Resolution Applicant (SRA) discharged its financial obligations to unpaid creditors in accordance with the plan terms. The First Meeting of the Monitoring Committee was convened on August 27, 2026.

Pursuant to the approved resolution plan, director appointments were required only after the SRA met these financial obligations. Accordingly, the undersigned proceeded with the appointments upon successful discharge of obligations.

Director Appointments

The following individuals were appointed as directors effective July 9, 2026:

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

The requisite Form DIR-12 was filed with the Registrar of Companies on September 7, 2026. Jatalia Global intimated BSE Limited on September 8, 2026, regarding the appointment filing.

Director Profiles

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 ROC filing, as required by listing norms.

Mohd Nazim Khan, Chairman of the Monitoring Committee 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.