CMI Limited FY26 audited results, company under CIRP, liquidation plea pending

Nclt Insolvency AdmittedRegulatory & Legal View source PDF Explain this filing

Price reaction

Awaiting price reaction for this filing.

AI summary

CMI Limited Board (powers suspended) approved audited FY26 results via Resolution Professional Deepak Maini. The company is under CIRP since July 2023 after Canara Bank filed Section 7 plea for 164.86 crore default admitted by NCLT. FY26 revenue Rs 5,534.06 lakh, net loss Rs 1,135.80 lakh. Accumulated losses of Rs 17,383.08 lakh fully eroded net worth. Auditor gave qualified opinion. No resolution plan approved; liquidation application pending.

Likely market impact

Stock under severe stress. Net worth fully eroded. Liquidation likely if no resolution plan is approved, posing near-total risk to shareholders.