Jhandewalas Foods Ltd — Results, 17-05-2025: Integrated Filing

Jhandewalas Foods Limited has announced a board meeting to consider the financial results for the quarter and half-year. The company reported total income of ₹55.97 Cr, up significantly from the previous period, with a profit before tax of ₹3.48 Cr and net profit of ₹3.52 Cr for the half-year. However, there are material concerns including defaults on loan repayments amounting to over ₹6.25 Cr overdue to lenders, leading to accounts classified as non-performing assets, and pending litigation with Axis Bank. Additionally, a large portion of immovable assets valued at ₹5.76 Cr lack proper title deeds, suggesting limited legal ownership of key properties. The company also extended loans totaling ₹3.93 Cr during the period to related parties who subscribed to preferential allotments, which violates related-party lending norms but recovery efforts are underway. These factors highlight significant financial and governance risks for shareholders.