SEL Manufacturing Company Ltd Reports Q2 and H1 Financial Results for FY2025-26, Impairment Testing Not Conducted

SEL Manufacturing Company Ltd has announced its unaudited financial results for the quarter and half year ended on 30th September 2025. The company's performance is sub-optimal and it is experiencing severe liquidity stress. The major plants of the company were remained shut down for the quarter under review. The company has started job work operations at one of its unit instead of pursuing its own manufacturing activities. The company is required to determine impairment in respect of Property, Plant & Equipment and Capital Work in Progress as per Ind AS 36, but the Management of the Company has not done impairment testing for the quarter. The company has defaulted in quarterly installment due from 30th September, 2023 to 30 September, 2025 amounting to Rs. 21,500 lakhs and also has not paid the interest due for the period July 2023 to September 2025 amounting to Rs. 15,214 lakhs. The shareholders of the Company had passed the resolution regarding the Initiation of Corporate Insolvency Resolution Process under Section 10 of the Insolvency and Bankruptcy Code, 2016 in its Extra Ordinary General Meeting held on 13th October, 2023.