
Tijaria Polypipes: Standalone Unaudited Results Approved
Tijaria Polypipes Ltd announced that its Board of Directors has approved the standalone un-audited financial results for the quarter and half-year ended September 30, 2026. The board meeting was held on November 4, 2026. The limited review report for these results was also approved. The filing highlights significant concerns raised by the auditor, including Bank of India declaring the company as NPA with outstanding loans and forfeited shares, a case filed with NCLT, and the company's decision not to make interest provisions on NPA accounts. Additionally, the auditor could not confirm the recoverability of significant receivables and advances due to lack of independent confirmation and has raised concerns about unprovided tax assets and the classification of director loans.
Key Highlights
- Board approved standalone un-audited financial results for Q2 FY27.
- Auditor issued a limited review report with significant concerns.
- Company declared NPA by Bank of India with substantial outstanding loans.
- NCLT case filed by Bank of India; no OTS proposal under consideration.
- Auditor unable to confirm recoverability of receivables and advances.
Price Impact
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