Dear Sir, We are attaching herewith Financial Results along with Annexures for the Quarter and Half Year Ended on 30.092025. Please take the same on Recored. For PROGREX VENTURES LTD.
Awaiting price reaction for this filing.
Progrex Ventures Ltd (formerly Progressive Extractions & Exports Limited) reported no revenue from operations for Q2 FY26 and H1 FY26, with the company itself noting 'No Business Activities during this quarter.' Other income stood at just ₹0.20 lakhs for the quarter (₹0.50 lakhs for H1 FY26), down sharply from ₹1.43 lakhs in FY24. Total expenses were ₹5.46 lakhs in Q2 and ₹7.12 lakhs in H1 FY26, leading to a net loss of ₹5.26 lakhs for the quarter and ₹6.92 lakhs for the half-year. The balance sheet shows total equity of ₹724.86 lakhs, current loans of ₹789.37 lakhs, and a debt-equity ratio of 1.5. The auditor (Jain Dhureja & Co.) issued an unqualified review report with no emphasis of matter.
For shareholders, the filing confirms the company is essentially inactive on the operations front and continues to post losses, though the equity base remains positive and the auditor raised no concerns. The high debt-equity ratio of 1.5x combined with zero operating revenue is a yellow flag for retail investors to monitor closely.