Cranes Software Board Approves Q1 FY26 Un-audited Financial Results

Cranes Software International Ltd announced that its Board of Directors met on August 14, 2026, to approve the un-audited financial results for the first quarter ended June 30, 2026. The company also took on record consolidated and standalone un-audited financial results for the same period. The independent auditor's review report highlighted significant uncertainties regarding the company's ability to continue as a going concern due to negative net-worth and pending cases. The auditor also noted non-compliance with statutory dues, inadequate bank securities, and failure to provide for expected credit losses on certain assets, including investments and receivables from a US subsidiary.