Tijaria polypipes Limited has disclosed to stock exchanges regarding a legal proceeding filed against the company at the National Company Law Tribunal (NCLT). The disclosure was made on March 07, 2026, in compliance with regulatory requirements under SEBI listing regulations.

Case Details and Hearing Schedule

The case has been filed by Bank of India against M/s Tijaria Polypipes Ltd. and has been registered at NCLT Jaipur with the case number IA No. 491/JPR/2025. The matter is scheduled for hearing on March 13, 2026, before the NCLT bench.

Regulatory Compliance

The company has made this disclosure pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended. This regulation mandates listed companies to inform stock exchanges about material events and developments that could impact the company's operations or financial position.

The disclosure was signed by Praveen Jain Tijaria, Whole-time Director of the company, bearing DIN: 00115002. The communication was sent to both BSE Limited and National Stock Exchange of India Limited as part of the company's compliance obligations.

Company Information

Tijaria Polypipes Limited is an ISO-9001:2015 certified company and a national award winner in the piping solutions sector. The company's registered office and works are located at SP-1-2316, RIICO Industrial Area, Ramchandrapura, Sitapura Extension, Jaipur-302022, Rajasthan.

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:

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.