DCM Limited has informed the Exchange regarding appointment of M/s. Pragnya Pradhan & Associates, Company Secretaries as Secretarial Auditors of the Company.
DCM · price
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DCM Limited's board approved unaudited consolidated Q1 FY26 results with revenue of Rs. 1,761 lakhs and a profit after tax of Rs. 324 lakhs, compared to a loss of Rs. 29 lakhs in Q1 FY25. On a standalone basis, the company reported a loss of Rs. 193 lakhs on negligible revenue of Rs. 7 lakhs. The board also appointed M/s. Pragnya Pradhan & Associates as Secretarial Auditors for a five-year term (FY25-26 to FY29-30), subject to shareholder approval. The statutory auditor flagged material uncertainty on going concern due to a suspended development license for the company's 68-acre Hisar land project, with current liabilities exceeding current assets by Rs. 555 lakhs (consolidated) / Rs. 4,068 lakhs (standalone). An ongoing lockout at the engineering division since October 2019 has resulted in unpaid workmen dues of Rs. 7,584 lakhs.
The swing to consolidated profit is encouraging, but the standalone business remains loss-making and heavily dependent on the JV partner and subsidiaries. Shareholders should watch closely for resolution of the Hisar land license suspension, as the auditor's going concern flag and large current liability gap pose meaningful risks to the stock.