Jayabharat Credit Limited Reports Q1 FY2026 Results and Appoints New Secretarial Auditor
Jayabharat Credit Limited (JCL) reported a net loss of ₹26.63 lakh for Q1 FY2026, compared to a ₹22.37 lakh loss in Q1 FY2025. The company had no revenue from operations and total expenses of ₹26.61 lakh. JCL's board approved the draft Directors Report for FY2025 and appointed Mr. Prashant S. Mehta as Secretarial Auditor for a five-year term. The company faces going concern issues with accumulated losses of ₹7,580.30 lakh against a paid-up share capital of ₹500.00 lakh.
Jayabharat Credit, currently inactive, reported a Q1 net loss of ₹26.63 lakhs, up 19% from the previous year. The company had no revenue and increased expenses to ₹26.61 lakhs. The Board approved the appointment of Mr. Prashant S. Mehta as Secretarial Auditor for 2025-2030, subject to shareholder approval. Auditors highlighted concerns about the company's status as a going concern, noting accumulated losses of ₹7,580.30 lakhs and negative net worth of ₹7,067.26 lakhs.