Jauss Polymers Limited , a company previously engaged in manufacturing plastic bottles, jars, and caps, has received an adverse conclusion from its auditors on the quarterly results ended September 30. The auditors have cited material uncertainty about the company's ability to continue as a going concern, raising significant questions about its future operations.

Key Financial Highlights

For the quarter ended September 30, Jauss Polymers reported the following financial results:

All figures in ₹ lakhs

Auditor's Concerns

The auditors, Mahesh Yadav & Co., have highlighted several critical issues in their review report:

1. Nil Turnover: The company has reported no revenue from operations for the current quarter, indicating a complete halt in its primary business activities.

2. Historical Losses: In previous financial years, the company has suffered significant losses, further weakening its financial position.

3. Asset Sales: Jauss Polymers sold its plant and machinery in FY2020-21, suggesting a discontinuation of its manufacturing operations.

4. Investment Divestment: During the quarter ended June 30, the company sold its investment in Innovative Containers Pvt Ltd for ₹394.44 lakhs, which was previously valued at ₹355.00 lakhs.

5. Lack of Future Plans: The management has not provided any assessment of the company's ability to continue as a going concern or presented plans for future actions to address the current situation.

6. No Cash Flow Forecast: The entity has not prepared a cash flow forecast to evaluate management's plans for future actions.

Financial Position

As of September 30, Jauss Polymers' financial position shows:

All figures in ₹ lakhs

Management Response

The company's board of directors approved the unaudited financial results in a meeting held on November 14. However, they have not provided any specific plans or strategies to address the going concern issues raised by the auditors.

Conclusion

The adverse conclusion from the auditors and the lack of operational revenue raise serious questions about Jauss Polymers' future. The company's ability to continue as a going concern remains in doubt, and stakeholders will be closely watching for any plans or actions from the management to address these critical issues.

Investors and stakeholders should exercise caution and seek professional advice when considering any decisions related to Jauss Polymers Limited, given the current uncertain state of its business operations and financial health.

Jauss Polymers Limited, a company listed on the BSE and Calcutta Stock Exchange, has announced significant corporate governance changes following its 38th Annual General Meeting (AGM) held on September 30, 2025.

Key Developments

Reappointment of Independent Chairman

Mr. Shewale Saurabh Jibhau has been reappointed as the Non-Executive Chairman and Independent Director of Jauss Polymers Limited. This marks his second term in the position, which will run from September 30, 2025, to September 29, 2030.

Mr. Jibhau brings valuable expertise to the board:

• He is a Mechanical Engineer with experience in digital and mechanical engineering works.
• His specialization lies in the Digital Manufacturing Domain and smart technology.
• The company confirmed that Mr. Jibhau is not related to any other director on the board.
• Importantly, he is not debarred from holding directorial positions by any regulatory authority.

New Secretarial Auditor Appointed

The company has also appointed M/s Lalit Sharma & Associates as its Secretarial Auditor for a term of five consecutive financial years, from 2025-26 to 2029-30.

Key details about the new auditor:

• The firm is led by Mr. Lalit Sharma, a Company Secretary.
• Membership No.: 75311
• Certificate of Practice (COP) No.: 27781
• Peer Review No.: 6664/2025
• The firm specializes in Audit, Management, Consultancy & Compliances.

Corporate Governance Compliance

These appointments were made in compliance with the Securities and Exchange Board of India (SEBI) regulations, specifically:

• Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
• SEBI Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024
• SEBI Circular No. SEBI/HO/CFD/CFD-PoD-2/CIR/P/2024/185 dated December 31, 2024

The AGM, which began at 9:30 AM and concluded at 10:00 AM, also saw the adoption of audited Financial Statements for the year ended March 31, 2025, and the re-election of Mr. Ketineni Sayaji Rao, who retired by rotation.

These appointments and reappointments reflect Jauss Polymers' commitment to maintaining strong corporate governance practices and ensuring experienced leadership at the helm of the company's affairs.