Dear Sir, we are attaching herewith Audited Financial statement along with all annexures and supporting documents for the Quarter and Year ended on 31.03.2026. For Progrex Ventures Ltd.
Awaiting price reaction for this filing.
Progrex Ventures Ltd reported zero revenue from operations for FY2026 as the company has abandoned all manufacturing and trading activities. The company posted a net loss of Rs. 14.39 lakhs, slightly higher than the previous year's loss of Rs. 14.07 lakhs. Other income declined from Rs. 90,000 to Rs. 45,000. The balance sheet shows total assets of Rs. 8.38 crore with reserves eroded by accumulated losses of Rs. 1.99 crore. A major concern is an inter-corporate deposit of Rs. 4.95 crore given to Betwa Realtors Pvt Ltd which has defaulted in repayment, with no interest recognized and no provision made. Short-term borrowings increased from Rs. 4 lakh to Rs. 7.84 lakh. The auditor issued an unmodified (clean) opinion.
The stock remains a high-risk micro-cap with no operating business, substantial stuck capital in a defaulted ICD, and widening losses. Shareholders face extreme dilution risk given accumulated losses exceeding share capital. The clean audit opinion may not reflect the underlying business viability concerns.