Jiya Eco-Products Limited reported a net loss of ₹22.03 lakh for the quarter ended June 30, 2026 (Q1FY27), widening from the ₹8.14 lakh loss recorded in the corresponding quarter of FY25. The Pune-based eco-friendly products manufacturer generated zero revenue from operations and zero other income during the period, resulting in total expenses of ₹22.76 lakh. This marks a continuation of the post-insolvency restructuring phase, where the company is focusing on settling legacy liabilities and minimizing operational burn rather than generating top-line growth.

The Board of Directors approved the unaudited standalone financial results at a meeting held on August 6, 2026. The results were reviewed by the Audit Committee and subjected to a limited review by the statutory auditors, D R B S V & Associates Chartered Accountants. The filing was made pursuant to Regulation 30(6) and Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Notably, the company will not prepare consolidated financial results for this quarter because it has fully impaired its investments in subsidiary companies in accordance with Ind AS 36.

Financial Performance

The company’s loss position was driven entirely by operational expenses in the absence of any revenue inflow. Total expenses stood at ₹22.76 lakh, comprising ₹2.00 lakh in employee benefits and ₹20.76 lakh in other expenses. This compares to total expenses of ₹8.14 lakh in Q1FY25. A tax expense of ₹1.27 lakh was recorded, contributing to the final net loss after tax of ₹22.03 lakh. In contrast, the previous quarter (Q4FY26) had shown a net profit of ₹1,490.09 lakh, largely due to exceptional items related to debt extinguishment under the resolution plan.

Post-Insolvency Restructuring Context

Jiya Eco-Products emerged from the Corporate Insolvency Resolution Process (CIRP) following an order dated December 11, 2024, passed by the National Company Law Tribunal (NCLT), Ahmedabad Bench. RPK Green Energy LLP, a promoter entity, acquired the company through the resolution plan submitted by Pradeep Kisan Khandagale. The acquisition did not extend to the subsidiary companies, which led to the impairment of investments amounting to ₹283.40 lakh. Additionally, the company impaired land and buildings worth ₹331.27 lakh and capital work-in-progress valued at ₹140.11 lakh during the fiscal year ended March 31, 2026.

The resolution plan involved a significant restructuring of the share capital. The authorized share capital was consolidated from 32,00,000 shares of ₹10 each into 3,20,000 shares of ₹100 each. A fresh issue of 1,06,314 equity shares of ₹100 each was made, with 95% (1,01,000 shares) issued to the Resolution Applicant against a fund infusion of ₹101 lakh. The remaining 5% was allotted to existing shareholders. All existing liabilities pertaining to the period before December 11, 2024, were extinguished as per the plan.

What the Numbers Show

The financial data highlights a distinct bifurcation between the exceptional gains recognized in the previous quarter and the current operational reality. While Q4FY26 reported a substantial net profit of ₹1,490.09 lakh driven by an exceptional item of ₹1,520.38 lakh (representing the difference between carrying amounts of extinguished financial liabilities and consideration paid), Q1FY27 reflects the baseline operational cost structure without revenue support. The absence of deferred tax assets indicates management’s assessment that there is no virtual certainty of setting off business losses against future foreseeable profits. The weighted average number of equity shares outstanding remains at 1.06 lakh, reflecting the post-resolution capital structure.

Jiya Eco-Products Limited reported a consolidated net profit of ₹1,474.03 lakh for the financial year ended March 31, 2026, reversing the net loss of ₹104.05 lakh recorded in the previous year. This significant turnaround was primarily driven by exceptional items totaling ₹1,521.28 lakh, which stemmed from the implementation of a resolution plan approved by the National Company Law Tribunal. The Board of Directors approved the revised audited financial results at its meeting held on July 22, 2026.

The exceptional gains for the year included the de-recognition of financial liabilities amounting to ₹2,539.22 lakh and the de-recognition of provisions worth ₹1,170.74 lakh. Additionally, the company recognized an impairment of assets totaling ₹754.78 lakh, which included investments in subsidiary companies, land and building, and capital work in progress. These adjustments were made in accordance with the approved resolution plan and Indian Accounting Standards (Ind AS).

Financial Performance

The company’s revenue from operations remained nil for the year ended March 31, 2026, consistent with the prior year. Total expenses for the year decreased to ₹47.25 lakh from ₹106.71 lakh in the previous year. Basic earnings per share (EPS) for the year surged to ₹13.87 from ₹0.03 in the previous year. For the quarter ended March 31, 2026, the company reported a net profit of ₹1,490.09 lakh, with basic EPS standing at ₹14.02.

The following table summarizes the key financial metrics for Jiya Eco-Products Limited:

Resolution Plan Impact

The resolution plan, submitted by Pradeep Kisan Khandagale, was implemented effective December 11, 2024. Consequently, the company's issued, subscribed, and paid-up equity share capital was restructured. The existing equity shares were cancelled, and a fresh issue of 1,06,314 shares of ₹100 each was made. Of these, 95% were issued to the resolution applicant against fund infusion of ₹101 lakh, while the remaining 5% were issued to existing shareholders.

Balance Sheet and Cash Flows

The total assets of the company stood at ₹166.97 lakh as of March 31, 2026, a significant decrease from ₹2,368.43 lakh in the previous year. This reduction was largely due to the extinguishment of various liabilities and assets as part of the resolution plan. Equity share capital was reported at ₹106.31 lakh, while other equity stood at a negative balance of ₹386.14 lakh.

Cash and cash equivalents increased to ₹9.96 lakh from ₹0.90 lakh at the end of the previous year. The net cash flow used in operating activities was ₹27.56 lakh, while investing activities generated a net cash flow of ₹25.91 lakh. Financing activities resulted in a net cash inflow of ₹10.71 lakh, primarily due to the repayment of long-term borrowings.