Tijaria Polypipes Reports Widening Losses Amid Ongoing Bank of India NPA Case
Tijaria Polypipes Limited reported a net loss of ₹39.60 crores for Q2 2025, up 48.76% from Q1. The company generated no revenue from operations, with total income of ₹10.06 lacs coming solely from other sources. Tijaria faces an NPA case with Bank of India over an outstanding loan of ₹7,116.27 lacs, with the next NCLT hearing scheduled for December 1, 2025. The bank has forfeited promoter and director shares worth ₹540.27 lacs. Operational challenges include suspended production and ₹2,517 lacs in outstanding receivables. Auditors have issued a disclaimer of conclusion, citing concerns over asset recoverability and lack of independent confirmations.
*this image is generated using AI for illustrative purposes only.
Tijaria Polypipes Limited , a company facing significant financial challenges, has reported a widening net loss for the quarter ended September 30, 2025. The company's financial situation remains precarious as it grapples with ongoing legal issues and non-performing asset (NPA) status.
Financial Performance
The company's financial results for the quarter paint a grim picture:
| Metric | Q2 2025 | Q1 2025 | Change |
|---|---|---|---|
| Net Loss | ₹39.60 | ₹26.62 | +48.76% |
| Revenue from Operations | ₹0.00 | - | - |
| Total Income | ₹10.06 | - | - |
Tijaria Polypipes reported no revenue from operations during the quarter, with its total income of ₹10.06 lacs coming entirely from other income sources. This lack of operational revenue highlights the company's current inability to generate income from its core business activities.
Bank of India NPA Case
The company's financial woes are compounded by its ongoing issues with Bank of India:
- Bank of India has declared Tijaria Polypipes' account as a Non-Performing Asset (NPA)
- Outstanding loan amount: ₹7,116.27 lacs
- Bank guarantee: ₹57 lacs
- Bank of India has filed a case against the company with the National Company Law Tribunal (NCLT), Jaipur Bench
- Next hearing scheduled for December 1, 2025
Forfeiture of Shares
As part of the ongoing financial proceedings:
- Bank of India has forfeited equity shares worth ₹540.27 lacs belonging to promoters and directors
- In previous financial years, the bank sold forfeited shares:
- 2023-24: ₹465.27 lacs
- 2022-23: ₹76.33 lacs
- Proceeds from these sales were credited towards outstanding loan amounts
Operational Challenges
Tijaria Polypipes faces several operational challenges:
- No production activities during the quarter
- Outstanding receivables and advances of ₹2,517 lacs from various entities
Auditor's Concerns
The company's auditors have issued a disclaimer of conclusion, citing multiple concerns:
- Lack of independent confirmation for major outstanding amounts
- Uncertainty over asset recoverability
These issues raise significant questions about the company's financial health and future prospects.
The situation at Tijaria Polypipes Limited remains critical, with the company facing a combination of financial losses, legal challenges, and operational difficulties. Stakeholders will be closely watching the upcoming NCLT hearing and any potential restructuring efforts that may emerge to address the company's mounting challenges.
Historical Stock Returns for Tijaria Polypipes
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -1.92% | -0.65% | -3.16% | -1.13% | -40.72% | +4.79% |
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