as per attchment
Awaiting price reaction for this filing.
Procal Electronics India Limited reported NIL revenue from operations for both FY25 and FY24, with no manufacturing or trading activity for several years. The company posted a net loss of ₹5.45 lakh for FY25 (vs ₹5.16 lakh loss in FY24) and a loss of ₹1.07 lakh for Q4 FY25. The balance sheet shows completely eroded shareholder equity of negative ₹548.63 lakh against paid-up capital of ₹350 lakh. The statutory auditor, PAMS & Associates, issued an ADVERSE OPINION stating the financial statements do not give a true and fair view, citing going concern uncertainty, NPA-classified bank loans with Canara Bank, SARFAESI actions on the Silvassa plant, and inability to verify inventory and PPE. Bank accounts are inoperative pending KYC, and the company's net worth is fully eroded.
This is extremely negative for shareholders. The company is effectively non-operational with fully eroded net worth, and an adverse audit opinion signals serious financial distress. Continued listing compliance is questionable, and shareholders face significant risk of total loss.