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

Jhandewalas Foods Limited has announced a board meeting to approve the financial results for the quarter and half-year. The company reported a revenue from operations of Rs. 85.42 Cr for the year, with a profit of Rs. 6.01 Cr, down from Rs. 24.22 Cr previously, mainly due to an extraordinary income of Rs. 18.49 Cr recorded last year. Total expenses stood at Rs. 80.65 Cr. The audited financials include qualified opinions due to non-provision of interest on long overdue loans classified as NPAs with pending legal recovery suits. The company raised Rs. 21.30 Cr through preferential allotment and Rs. 5.24 Cr as upfront warrants payment, but extended Rs. 3.93 Cr in loans to relatives of directors without prior shareholder approval, constituting a compliance issue. Significant asset concerns include Rs. 5.76 Cr of immovable properties lacking title deeds in the company’s name. Trade receivables increased to Rs. 6.08 Cr with provisions for expected credit losses. Despite challenges, the company maintains adequate internal controls and is taking steps to address related party advances and asset ownership issues, which are material to shareholders’ interests.