As per Attachment
Awaiting price reaction for this filing.
Procal Electronics India Ltd's board approved unaudited financial results for the quarter and half-year ended September 30, 2025. The company reported zero revenue from operations and a net loss of Rs. 1.16 lakh in Q2 FY26, taking the H1 FY26 loss to Rs. 2.96 lakh. The company's net worth is completely eroded with negative total equity of Rs. 550.95 lakh against borrowings of Rs. 1,012.55 lakh. The statutory auditor (PAMS & Associates) issued a qualified conclusion flagging severe going concern doubts, noting no manufacturing or trading activity for several years, loans classified as NPA by Canara Bank, SARFAESI auction of company assets, inoperative bank accounts, and payments being routed through directors' personal accounts.
This is a deeply distressed company with effectively no operating business, fully eroded shareholder equity, and an unresolved NPA situation with Canara Bank where outstanding dues exceed Rs. 64 crore. Shareholders face extreme risk — the auditor's qualified conclusion and going concern warning indicate the company may not be able to continue operations. Existing equity holders are likely staring at near-total loss of value.