CMI Limited reports FY26 results with widened loss; CIRP continues, liquidation pending

CMI Limited, under CIRP since July 2023 (Canara Bank petition), posted FY26 revenue of Rs. 5,534 lakhs (down from Rs. 5,746 lakhs) and net loss of Rs. 1,135.80 lakhs against Rs. 1,103.15 lakhs prior year. Net worth fully eroded at negative Rs. 15,780 lakhs against paid-up capital of Rs. 1,603 lakhs. Auditors gave a qualified opinion flagging going concern uncertainty and emphasis of matter on NPA loans. No resolution plan approved; liquidation application pending before NCLT.