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Jhandewalas Foods Limited has announced a board meeting to consider the financial results for the quarter and half-year ended March 31, 2025. The company approved its standalone audited financial statements for the year ended March 31, 2025. Independent Director Manan Jain resigned, and Mrs. Shipra Gandhi was appointed as Company Secretary & Compliance Officer, assuming Key Managerial Personnel duties. The auditor issued a qualified opinion citing non-provision of interest on non-performing loans from Axis Bank, Acme Resources, and Dewan Housing Finance due to ongoing recovery suits and legal proceedings. The company made a preferential allotment raising ₹21.30 Cr from equity shares and ₹5.24 Cr from convertible warrants. Subsequently, loans aggregating ₹3.93 Cr were extended to relatives of directors who were preferential allottees, constituting non-compliance with Section 185 of the Companies Act; recovery steps are underway. Fixed assets include immovable properties valued at ₹5.76 Cr without title deeds in the company’s name. Trade payables of ₹243.98 Cr were reversed partly due to quality disputes, with ₹3.51 Cr disputed and disclosed as contingent liabilities. The company has overdue borrowings of ₹4.53 Cr (Axis Bank), ₹1.68 Cr (Acme Resources), and ₹0.05 Cr (DHFL), with recovery proceedings pending. Total income rose to ₹86.64 Cr with profit after tax of ₹5.92 Cr and basic EPS at ₹4.71. Inventory and receivables increased significantly, impacting working capital. The internal financial controls over reporting were deemed adequate by auditors.