Q1 FY27 Loss Widens to Rs 20.69L Going Concern Flagged

Amalgamated Electricity Company reported Q1 FY27 net loss of Rs 20.69 lakhs, up from Rs 5.35 lakh loss a year ago. Operating revenue was nil, other income just Rs 0.51 lakhs against total expenses of Rs 21.21 lakhs. EPS came in at negative Rs 0.75. Auditor flagged material uncertainty on going concern, noting liabilities exceed assets by Rs 93.47 lakhs and future viability depends on substantial financial support. Comparative figures were audited by a predecessor auditor, now replaced by Vatsaraj and Co.