JBF Industries Ltd. Reports Un-Audited Financial Results for Q3 2025-2026 with Qualified Opinion
JBF Industries Ltd. has released its un-audited financial results for the quarter ended on 31st December 2025, which shows a qualified opinion from the independent auditor due to certain issues. The company has reported lower provision of finance cost for the quarter due to non-compliance with IND AS - S.C. Ajmera & Co. Chartered Accountants. Additionally, there is an unquantified claim from an operational creditor of JBF RAK, a subsidiary of the company. The company's 'going concern' status is significantly impacted, and there are uncertainties regarding the recovery of dues from Tamilnad Mercantile Bank Ltd. The company has also not prepared consolidated financial statements and has not appointed a Chief Executive Officer, Chief Financial Officer, Company Secretary & Compliance Officer, and Internal Auditor as required.
Key Highlights
- Qualified opinion from the independent auditor due to lower provision of finance cost and unquantified claim from an operational creditor.
- Significant and material impact on the 'going concern' status of the company, with uncertainties in the recovery of dues from Tamilnad Mercantile Bank Ltd.
- Non-compliance with IND AS - S.C. Ajmera & Co. Chartered Accountants regarding borrowing costs.
- No appointment of Chief Executive Officer, Chief Financial Officer, Company Secretary & Compliance Officer, and Internal Auditor as required.
- No preparation of consolidated financial statements.
Price Impact
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