SRM Energy declares Q1 FY27 unaudited results

SRM Energy Ltd has announced its unaudited standalone financial results for the quarter ended June 30, 2026. The company's auditors have issued a qualified conclusion, highlighting significant uncertainties regarding its ability to continue as a going concern. This is due to the company having no active business operations, incurring continuous cash losses, accumulated losses leading to net worth erosion, and current liabilities exceeding current assets. The auditors noted a ₹357.40 lakh write-back of an outstanding loan liability recognized as 'Other Income'.