Announced Tue, 15 Sept, 2026 · 16:35 IST
CMI Limited board approves Q3 FY26 results, company under insolvency
CMICABLES · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
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AI summary
CMI Limited board (power suspended) approved Q3 FY26 unaudited results. Company has been under CIRP since Aug 2023 after Canara Bank filed Section 7 IBC petition. Q3 total income Rs 1197.18 lakhs, net loss narrowed to Rs 179.30 lakhs from Rs 818.05 lakhs YoY. Nine-month loss Rs 786.70 lakhs. Accumulated losses Rs 17043.21 lakhs have fully eroded net worth. Auditors flagged going concern doubt.
Likely market impact
Continued losses and fully eroded net worth under CIRP raise serious survival concerns for shareholders. No resolution plan approved yet.