Quarterly Updates30 May 2026, 09:01 pm
Procal Electronics Audited Results for FY26 Approved
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. However, the auditor has raised concerns about the company's ability to continue as a going concern due to continuous losses, lack of business operations, and significant financial stress. The company's assets in Silvassa were taken over and sold by Canara Bank under SARFAESI Act, 2002.
Key Highlights
- Audited standalone financial results for FY26 approved by the board.
- Auditor's report with unmodified opinion taken on record.
- Auditor raises concerns about going concern due to losses and lack of operations.
- Assets sold by Canara Bank under SARFAESI Act, 2002.
- Statement of Related Party Transactions for the quarter & year ended March 31, 2026 taken on record.
Price Impact
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