Jatalia Global Ventures Limited held its first Board of Directors meeting on September 24, 2026, approving key governance changes following its approved Resolution Plan. The board ratified the cessation of the company's former directors and appointed Manshi Gandhi as the new Company Secretary and Compliance Officer.

The meeting, conducted via video conferencing, commenced at 5:45 pm and concluded at 5:55 pm. Resolutions were passed by show of hands in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Governance updates under resolution plan

The approvals mark a significant step in the implementation of the company's Resolution Plan. The transition involves the removal of the previous management structure and the installation of new compliance leadership.

The filing was signed by Director Baljit Singh, who noted the meeting took place from Abu Dhabi. The company remains under plan implementation status as per the regulatory disclosure.

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.