Jatalia Global Ventures Ltd

Cessation of erstwhile directors

• Ajay (DIN 09212447) ceased as director on 09-07-2026.
• Yogender (DIN 09376906) ceased as director on 09-07-2026.
• Narender (DIN 10105488) ceased as director on 09-07-2026.

Appointment of Directors under Resolution Plan

• Baljit Singh appointed as Director; intimation to BSE on 08-09-2026.
• Ms. Honey Baljit Singh appointed as Director; intimation to BSE on 08-09-2026.
• Ms. Upveen Harpal appointed as Director; intimation to BSE on 08-09-2026.

Appointment of Company Secretary & Compliance Officer

• Ms. Manshi Gandhi appointed as Whole-time CS & Compliance Officer, effective 24-09-2026.
• Profile: Proactive CS with governance experience in listed and unlisted firms.

Key Decisions

• Cessation of erstwhile Directors of the company in compliance with the approved Resolution Plan.
• Ms. Manshi Gandhi appointed as Company Secretary and Compliance Officer.

Financial summary

• Total income from operations: Rs 2.34 Lacs in Q1 2026.
• Total expenses: Rs 14.00 Lacs; net loss Rs 11.66 Lacs.
• EPS basic/diluted: Rs -0.08 for the quarter.

Operational & reporting status

• Single-segment operation; no segment reporting required.
• Unaudited results prepared as per IND AS; limited review report attached.
• NCLT approved Resolution Plan on 09 Jul 2026; CIRP monitors in place.

Governance & CIRP updates

• Powers of the board suspended; interim resolution professional to manage.
• Monitoring Committee meetings held on 27 Aug 2026.

Director appointments under Resolution Plan

• Baljit Singh appointed Director on 09-07-2026; 26-year entrepreneurial experience and regional leadership.
• Honey Baljit Singh appointed Director on 09-07-2026; digital marketing and risk management background.
• Upveen Harpal appointed Director on 09-07-2026; 10+ years in senior management and risk.
• Form DIR-12 filed for all three appointments on 07-09-2026.
• Appointments made after discharge of financial obligations by SRA under the Approved Resolution Plan.
• Baljit Singh is father of Honey Baljit Singh; relationship disclosed.
• Upveen Harpal has no disclosed familial relationship with other directors.

Financials & governance

• Total income from operations (net) for quarter ended 30.06.2026: 2.34 Lacs.
• Net loss after tax: 11.66 Lacs; EPS basic/diluted: -0.08 Rs.
• Total expenses: 14.00 Lacs; legal and professional charges 14.00.
• Company operates in a single segment; no separate segment reporting.
• NCLT-approved resolution plan on 09 Jul 2026; Monitoring Committee formed; unaudited results filed with BSE.
• Prior intimation dated 08 Aug 2026; meeting held 11 Aug 2026.
• Paid-up equity capital: Rs 1,497.56 Lacs; Reserves: Rs -1,738.99 Lacs.
• Results prepared under IND AS; prior periods regrouped for comparability.
• Current quarter figures balancing with audited FY2026 results.

Unaudited results publication

• Publication of unaudited results for quarter ended June 30, 2026.
• Results published in Financial Express and Jansatta on 14.08.2026.
• Publication complies with Regulation 47(3) of SEBI LODR.
• Company is under CIRP since 07.03.2024 per NCLT order; RP Mohd Nazim Khan.
• Communication issued by Resolution Professional Mohd Nazim Khan.

Q1 FY27 results

• Q1 FY27 unaudited: total income 2.34 L, net loss 11.66 L, EPS -0.08.

Expense drivers

• Major expense driver: legal and professional charges 14.00 L in Q1 FY27.

Quarterly income vs expenses

• Total expenses for Q1: 14.00 L; income 2.34 L; loss widened.

Full-year context

• Year ended Mar-31, 2026: net loss 14.40 L; year ended Mar-31, 2025: net profit 4.33 L.

Plan implementation update

• NCLT approved Resolution Plan by Norfolk Technology Services Limited on 09 July 2026.

Governance & approvals

• Monitoring Committee constituted; meeting held on 11 Aug 2026.

Filing & compliance

• Date of prior intimation: 08 Aug 2026; XML file submitted to BSE; results to be approved in meeting.

New controlling entity

• Norfolk Technology Services Limited to become the incoming promoter.

Capital changes and funding

• Cash infusion of INR 6,26,91,266.61 by the Resolution Applicant.
• Resolution Applicant to be issued 62,69,127 shares.

Target profile and business

• Target: Jatalia Global Ventures Limited; turnover Nil; assets INR 3,51,73,223.
• Industry: Information Technology; pivoted from IT hardware/software to commodities trading.
• Operations to proceed per approved resolution plan under IBC.

Timeline and implementation

• Indicative completion period: 1 year.

Related party and regulatory

• No related-party transactions; promoter group has no interest in the target.
• No regulatory approvals required for acquisition.

Acquisition terms and governance notes

• Acquisition price and terms as per the NCLT-approved plan; details in the plan/order.