Jayabharat Credit Ltd confirmed in its 83rd Annual Report that it remains non-operational with zero income for FY 2025-26. The company faces severe financial distress with a negative net worth of Rs 61.93 crore and accumulated losses totaling Rs 76.61 crore. Operations currently rely entirely on promoter-funded interest-free deposits, as the RBI has previously cancelled its NBFC registration. Auditors have flagged significant material uncertainty regarding the company's ability to continue as a going concern.
Jayabharat Credit Ltd Reports Zero Revenue and Deepening Financial Losses
Total Income for FY 2025-26 stood at Rs 0.00 Lakhs, while the Net Loss reached Rs 106.78 Lakhs.
Reader Takeaway: The company is non-operational and faces significant going concern risks, relying solely on promoter-funded inter-corporate deposits.
What just happened
Jayabharat Credit Ltd has released its 83rd Annual Report for the fiscal year 2025-26, confirming that the entity remains non-operational. Having previously lost its Non-Banking Finance Company (NBFC) registration from the Reserve Bank of India, the firm has ceased all core business activities. Current efforts are limited to recovering legacy dues from past operations.
Why this matters
The financial health of the company has deteriorated further, with accumulated losses reaching Rs 7,660.73 lakh. Because current liabilities significantly exceed assets, the firm maintains a negative net worth of Rs 6,193.03 lakh. The statutory auditors have issued a formal note on 'Material Uncertainty Related to Going Concern,' indicating that the company's survival is currently tethered to continuous financial assistance from its promoters.
Risks to watch
The primary risk is the total dependence on promoter support via interest-free Inter Corporate Deposits (ICDs), which totaled Rs 6,142.59 lakh as of March 31, 2026. These funds from entities such as Ram Prakash & Co. Private Limited and Bahubali Services Private Limited are the only reason the company continues to function on paper. There is no active business model or revenue stream to generate organic cash flow.
Corporate Governance
The company has scheduled its 83rd Annual General Meeting (AGM) for September 30, 2026, to be held via video conferencing. Directors Mr. Rajiv Gupta, Mr. Arun Mitter, and Mr. M K Madan are up for re-appointment. Additionally, the company successfully shifted its registered office from Maharashtra to Delhi in late 2025.