JBF Industries Limited announced its unaudited financial results for the quarter ended December 31, 2025. The company reported a net loss of ₹160 lakhs for the quarter, compared to a loss of ₹166 lakhs in the previous quarter and ₹114 lakhs in the same quarter last year. Total income for the quarter stood at ₹219 lakhs. The company's auditor has issued a qualified opinion on the financial results, highlighting several significant issues. These include a lower provision of finance costs amounting to ₹11,605 lakhs due to a provision of interest at Nil% p.a. on certain loans and preference shares, contrary to documented rates. Additionally, the auditor noted uncertainties regarding a claim of ₹12,848 lakhs filed by an operational creditor of its subsidiary, JBF RAK LLC. The auditor's report also draws attention to the "going concern" status of the company, stating that its ability to sustain itself and meet financial commitments has been critically impacted, and thus it ceases to be a going concern. Other emphasis points include a demand notice from Tamilnad Mercantile Bank Ltd for ₹32.94 Crores, an invocation of corporate guarantee given to lenders of JBF Petrochemicals Ltd, non-preparation of consolidated financial statements, non-appointment of key management personnel (CEO, CFO, Company Secretary), and non-appointment of an Internal Auditor. The company has also paid remuneration to directors in excess of the statutory limit in the past, although none was paid in the current quarter. The Resolution Professional approved these results in a meeting held on January 30, 2026, which commenced at 13:40 hrs and concluded at 14:10 hrs.
