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.

Jatalia Global Ventures Limited reported a net loss of ₹14.40 lakh for the financial year ended March 31, 2026, reversing the net profit of ₹4.33 lakh recorded in the previous year. The company, which is undergoing the Corporate Insolvency Resolution Process (CIRP) per an order dated March 7, 2024, filed its audited financial results with the Bombay Stock Exchange on June 2, 2026. The financial deterioration was primarily driven by a significant increase in legal and professional charges, which rose to ₹17.42 lakh in FY26 from ₹0.70 lakh in FY25.

Total income from operations for FY26 stood at ₹8.46 lakh, a decrease from ₹9.80 lakh in the preceding year. Total expenses surged to ₹22.85 lakh, up from ₹5.43 lakh in FY25. Consequently, the loss from ordinary activities before tax widened to ₹14.40 lakh. The basic and diluted earnings per share (EPS) for the year stood at (₹0.10), compared to ₹0.03 in the previous year.

Financial Position

The company's balance sheet reflects a stressed financial position. Total equity as of March 31, 2026, was reported as a negative ₹214.76 lakh, comprising equity share capital of ₹1,497.56 lakh and a negative other equity balance of ₹1,727.33 lakh. Total assets declined to ₹351.73 lakh from ₹441.53 lakh in the prior year, largely due to a reduction in non-current assets, specifically investments, which fell to ₹130.17 lakh from ₹216.37 lakh.

Current liabilities decreased to ₹566.50 lakh from ₹641.89 lakh in the previous year. The company held cash and cash equivalents of ₹0.56 lakh as of March 31, 2026, down from ₹4.56 lakh a year earlier.

Auditor's Report

Girotra & Co., Chartered Accountants, issued a modified opinion on the standalone financial statements. The auditors noted that the company did not provide for retirement benefits in terms of gratuity as per actuarial valuation, constituting a departure from the Accounting Standards prescribed under Section 133 of the Companies Act, 2013. The report stated that in the absence of a credible estimate from management regarding this liability, it was impracticable to report the possible financial effect on the financial statements.

Despite the modified opinion regarding the gratuity provision, the auditors confirmed that the internal financial controls over financial reporting were adequate and operating effectively as of March 31, 2026. The report also confirmed compliance with the Indian Accounting Standards (Ind AS) and other accounting principles generally accepted in India, subject to the noted departure.

Key Financial Metrics for FY26