Jaiprakash Associates Ltd

Jaiprakash Associates Under Insolvency Process: Key Financial & Legal Updates 📊⚖️

• Corporate Insolvency Resolution Process (CIRP) ongoing since June 3, 2024, with Bhuvan Madan as Resolution Professional

• Q3 Dec 2025 standalone net loss: ₹30,533 lakhs; nine-month loss: ₹163,072 lakhs

• Revenue from operations: ₹72,476 lakhs in Q3 Dec 2025 (down from ₹76,592 lakhs YoY)

• Total segment liabilities: approximately ₹4,005,494 lakhs

• Significant subsidiary impairments: ₹2,692.36 crores for Jaypee Cement Corp and ₹407.72 crores for Bhilai Jaypee Cement

• Outstanding Non-Convertible Debentures: ₹2,601 crores with 50% security cover

• YEIDA cancelled allotment of 1,085 hectares in Greater Noida; matter sub judice in Supreme Court

• Debt-equity ratio: (10.65) times as of Dec 2025

• Finance costs remained high at ₹23,771 lakhs for Q3 Dec 2025

• Auditors issued disclaimer of conclusion due to CIRP uncertainties and ongoing investigations