JBF Industries Ltd Declares Un-audited Standalone Financial Results for Q1 FY27

JBF Industries Ltd has announced its un-audited standalone financial results for the quarter ended June 30, 2026. The results were approved by the Resolution Professional. The auditor's review report highlights significant issues, including a potential understatement of finance costs due to nil interest provision on certain loans and preference shares, and a substantial unprovided claim from a subsidiary's operational creditor. Furthermore, the report emphasizes a material impact on the company's going concern status, with the company ceasing to continue as a going concern. Other points raised include a demand notice from Tamilnad Mercantile Bank, invocation of corporate guarantee, non-preparation of consolidated financial statements, non-appointment of key managerial personnel and internal auditor, and inability to obtain bank statements for verification.