JBF Industries Limited — Board Meeting, 28-05-2025: Outcome of Board Meeting

JBF Industries approved the financial results for the quarter and year ended March 31, 2025, reporting a net loss of Rs. 5.27 Cr. However, after auditor adjustments for unpaid interest, the loss expands dramatically to Rs. 399.88 Cr. The company is grappling with halted manufacturing and ongoing legal battles, severely impacting its going concern status. Interest on borrowings of Rs. 2,473.79 Cr was recognized at zero percent due to non-payment. No dividends declared. Leadership roles including CEO, CFO, and Company Secretary remain vacant as the insolvency resolution process continues.