Tijaria Polypipes Limited narrowed its net loss to ₹128.72 crore for the financial year ended March 31, 2026, from ₹543.01 crore in the previous year, as the company continued to face operational suspension and significant financial stress. Revenue from operations remained nil for the quarter and year ended March 31, 2026, with no production of goods recorded during the period. The Board of Directors approved the audited financial results for the quarter and year ended March 31, 2026, in a meeting held on May 26, 2026.

The company’s total income for FY26 stood at ₹22.29 lakh, derived solely from other income, compared to ₹29.78 lakh in the previous year. Total expenses for the year decreased to ₹151.01 crore from ₹260.24 crore in FY25, primarily driven by a reduction in depreciation charges which fell to ₹76.31 crore from ₹230.67 crore. Finance costs, however, surged to ₹48.85 crore from ₹1.79 crore in the prior year. For the quarter ended March 31, 2026, the company reported a net loss of ₹29.92 lakh.

Amit Ramakant & Co., the independent auditor, issued a disclaimer of opinion on the standalone financial results, citing the significance of matters described in the report. Key concerns include the classification of the company's accounts as Non-Performing Assets (NPA) by Bank of India since November 2020, with an outstanding loan amount of ₹71.16 crore as of June 30, 2022. The auditor noted that the company has not made interest provisions on the NPA account since July 1, 2022. Additionally, the National Company Law Tribunal (NCLT), Jaipur Bench, is hearing a case filed by Bank of India under Reference No. CP No. (IB) - 54/7/JPR/2023, with the next hearing scheduled for March 09, 2026.

The auditor highlighted that the company has outstanding receivables and advances to suppliers of ₹25.17 crore as of December 31, 2025, for which independent balance confirmations were not received, and no interest was accrued. Consequently, the auditor stated they are unable to comment on the recoverability and existence of such loans and advances. Furthermore, the auditor noted that the company's bank accounts were seized by the bank, and directors continued to make payments and receipts on behalf of the company from their own bank accounts during FY26, which the auditor identified as a violation of Section 269SS of the Income Tax Act, 1961.

The textile segment, which has been closed for a long time, reported gross assets of ₹83.98 crore and a net block of assets of ₹12.15 crore as of March 31, 2026. The auditor expressed an inability to find sufficient evidence regarding the company's ability to resume production in this division. The company also holds land and building valued at ₹29.82 lakh situated at Daulatpura, Jaipur, held for sale, though management has not provided a future plan to execute the sale. The total outstanding default on loans and debt securities amounted to ₹54.56 crore as of the reporting date.

Financial Results for FY26

Segment Performance

Tijaria polypipes Limited has submitted its quarterly compliance certificate to stock exchanges BSE and NSE, fulfilling regulatory requirements under SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended 31st March, 2026.

Regulatory Compliance Filing

The company filed the mandatory certificate under Regulation 74(5) on 13th April, 2026, through its Whole-time Director Praveen Jain Tijaria. The submission was made to both BSE Limited and National Stock Exchange of India Limited as part of quarterly compliance obligations.

Registrar Confirmation

MUFG Intime India Private Limited, formerly known as Link Intime India Private Limited, serves as the company's registrar and share transfer agent. The registrar issued the compliance certificate confirming proper handling of dematerialized securities during Q4FY26.

The certificate confirms that:

• Securities received from depository participants for dematerialization were properly confirmed to depositories
• All securities comprised in certificates have been listed on stock exchanges where earlier issued securities are listed
• Security certificates received for dematerialization were confirmed or rejected as appropriate
• Certificates were mutilated and cancelled after due verification by depository participants
• Depositary names were substituted in the register of members within prescribed timelines

Corporate Information

This quarterly filing demonstrates Tijaria Polypipes' adherence to SEBI regulations governing depositories and participants, ensuring transparent and compliant handling of shareholder securities through proper dematerialization processes.