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Quarterly Updates30 May 2026, 08:51 pm

Procal Electronics Approves Audited FY26 Results

AI Summary

Procal Electronics India Ltd's board meeting on May 30, 2026, approved the audited standalone financial results for the quarter and financial year ended March 31, 2026. The board also took on record the audit report with an unmodified opinion, the statement of assets and liabilities, and the cash flow statement. However, the auditor's report highlights concerns about the company's ability to continue as a going concern due to continuous losses and the erosion of net worth.

Key Highlights

  • Board approved audited standalone financial results for FY26.
  • Auditors issued an unmodified opinion, but raised concerns about going concern.
  • Net worth has been fully eroded due to continuous losses.
  • Company's current liabilities substantially exceed its current assets.