1. Approved the Un-Audited Financial Result Standalone for the quarter and nine month ended 31st December, 2025, Pursuant to Regulation 33 of SEBI (LODR) Regulations, 2015. 2. Approved ....
Awaiting price reaction for this filing.
The Board of Procal Electronics India Ltd approved the unaudited standalone financial results for the quarter and nine months ended 31 December 2025, along with the Limited Review Report by statutory auditors PAMS & Associates. The company is presently non-operational with no manufacturing or trading activity and reported a net loss of Rs 1.16 lakh for Q3 FY26 and Rs 4.38 lakh for the nine-month period (vs. Rs 5.45 lakh loss in 9M FY25). The auditor issued a qualified conclusion, flagging that the company's net worth is fully eroded due to accumulated losses and dormant operations. Bank loans from Canara Bank and GSFC have been classified as NPA, with Canara Bank having issued SARFAESI notices and sold mortgaged land/building for around Rs 49 lakh against outstanding dues of Rs 64.64 crore. Several bank accounts are inoperative and old receivables/payables remain unverified.
Extremely negative for shareholders — the company is non-operational, net worth is fully wiped out, lenders have classified loans as NPA and already seized assets under SARFAESI, and the auditor has flagged a going concern doubt alongside an adverse opinion reference on prior-year accounts. Stock is effectively a distressed shell with very little equity value left.