Jiya Eco-Products Ltd Announces Audited Financial Results for FY2026; Highlights Restructuring and Impairment Charges

Jiya Eco-Products Ltd Announces Audited Financial Results for FY2026; Highlights Restructuring and Impairment Charges​

Jiya Eco-Products Limited has announced its audited consolidated financial results and statements for the financial year ended March 31, 2026. The Board of Directors approved these results, alongside a review of the company's operational status and significant financial adjustments resulting from the implementation of an approved resolution plan.

The audit of the Consolidated Annual Financial Results was conducted by M/s D R B S V & Associates, Chartered Accountants, who issued an unmodified opinion on the financial performance for the year ended March 31, 2026. The company operates one reportable segment: the Trading business of Plastic related items.

Key Financial Highlights and Changes​

The consolidated annual results reflect significant adjustments stemming from the resolution process completed earlier in the fiscal year. Exceptional items recorded during the financial year included the de-recognition of financial liabilities amounting to ₹2,539.22 Lakhs, impairment of assets totaling ₹754.78 Lakhs, and de-recognition of receivables valued at ₹1,145.22 Lakhs.

The company's structure includes a holding entity, Jiya Eco Products Limited, an associate company, Jiya Eco India Ltd, and a wholly owned subsidiary, Jiya Eco (Gandhidham) Pvt Ltd.

Balance Sheet and Financial Status​

As of March 31, 2026, the total assets stood at ₹166.97 Lakhs, compared to ₹2,368.43 Lakhs in the previous year. Liabilities totaled ₹166.97 Lakhs.

The company's financial health and operational activities are detailed below:

Restructuring and Capital Management​

A key development in the current financial year was the implementation of a Resolution Plan approved by the National Company Law Tribunal (NCLT) effective December 11, 2024. The plan involved a significant corporate restructuring. The authorized share capital of Jiya Eco Products Limited was consolidated from 3,20,000 shares of Rs.100 each to reflect the outcome of the resolution process.

The company proceeded with a fresh issue totaling 1,06,314 shares of Rs.100 each. Of these new shares, 95% (1,01,000 shares) were issued to the Resolution Applicant against an infusion of funds amounting to ₹101 Lakhs, while the remaining 5% (5,314 shares) were allocated to existing shareholders based on their proportional holdings.

Financial Performance Summary​

The statement of profit and loss for the year ended March 31, 2026 showed a substantial impact from exceptional items against the previous period's performance. The company recorded Total income of ₹1.87 Lakhs during the quarter ending December 31, 2025, compared to total income of ₹2.66 Lakhs for the full year ended March 31, 2025 (where only Other Income was reported).

The Net Profit after tax for the financial year ended March 31, 2026, was stated as 1,490.09 Lakhs.

Consolidated Financial Statements: Statement of Profit and Loss (₹ in Lakhs)


Cash Flow Statement (₹ in Lakhs)

The company generated net cash flow from operating activities of (₹27.56 Lakhs), a contrast to the ₹342.72 Lakhs generated in the previous financial year. Net cash flow from investing activities was ₹25.91 Lakhs, while financing activities recorded a net decrease of (₹434.42 Lakhs). The Cash and cash equivalents at the end of the year were reported as 9.96 Lakhs.