JBF Industries Limited — Results, 16-07-2025: Reply to Clarification- Financial results

JBF Industries Ltd. (currently under Corporate Insolvency Resolution Process) has clarified recent queries regarding its financial disclosures. The company did not issue consolidated financial statements because it has not yet received audited financial results from its subsidiaries, a situation influenced by ongoing financial restructuring and negotiations with lenders and investors.

A key development is the acquisition of the company's Singapore-based subsidiary, JBF Global Pte Ltd, by M/s. Madelin Enterprises Pvt. Ltd. via a financial recovery process. Despite the acquisition, the shares of JBF Global Pte Ltd are still formally registered in JBF Industries' name, pending transfer.

The company also addressed a reporting format issue, confirming that details regarding balancing figures are included in the 'Other Matters' section of its Audit Report. This update highlights the complexities of the company's financial reporting amidst its insolvency resolution.