Dear sir, We are attaching herewith Audited financial results for the quarter and year ended on 31.03.2025 along with audit reports , Declaration and annexures. Please take the same ....
Awaiting price reaction for this filing.
Progrex Ventures Limited (formerly Progressive Extractions & Exports Limited), a BSE-listed SME company, submitted its audited results for FY25 reporting essentially no business activity. Total revenue for the year fell sharply to Rs. 0.90 lakh from Rs. 1.43 lakh in FY24, while expenses rose to Rs. 14.98 lakh, widening the net loss to Rs. 14.08 lakh (vs Rs. 10.82 lakh loss in FY24). The company confirmed in its notes that there were no business activities during Q4 FY25. Reserves and surplus declined to Rs. 373.10 lakh from Rs. 387.17 lakh earlier. Cash flow from operations was negative at Rs. (16.27) lakh, with no investing or financing activity. The auditor (Jain Dhureja & Co.) issued an unmodified (clean) opinion with no emphasis of matter, and the company declared no related party transactions.
This is clearly negative news for shareholders — the company continues to post losses with no operational revenue, eroding reserves year after year. Continued dormancy and persistent losses raise serious questions about future viability, though the auditor's clean opinion provides no immediate red flag from a compliance standpoint.